🚨 $MOVE is looking pretty volatile with a bearish vibe at the moment
Volume's been heavy on the down moves lately—like that massive spike to over 434M on recent candles where price dipped from ~0.0351 to 0.03505. That's classic selling pressure showing up, and the past few days have had big volume on drops too, so bears are definitely in control.
Capital flows: Futures market is bleeding with consistent negative net flows (e.g., -872k in the last hour, over -2M in 24h), which screams bearish sentiment in derivatives. Spot's a bit mixed—some small inflows recently, but longer-term it's outflows, so overall momentum isn't great.
My take on $MOVE the setup: Cautious short
- Entry: Watch for rejection at key resistance around 0.0391—if it fails to break and shows signs like a bearish pin bar or weak rally on low volume, that's a good short spot.
Or if it breaks below immediate support at ~0.0344 (recent 24h low), that could confirm more downside.
- Stop-loss: around 0.038–0.039 to account for the wild swings
- Targets: Aim for next support near 0.0312
Risk note: This thing's $MOVE super choppy, so keep stops tight and don't over-leverage. A sudden pump could invalidate everything quick! Anyone shorting MOVE or waiting for a bounce? #Move #MOVEUSDT #movement