🧐 What is happening in MOVEUSDT?
We observe a clear breakdown of a descending consolidation channel. The price is now retesting the bottom of that channel, which has become solid resistance, showing a clear rejection in the area of 0.04200.
💡 What is the play?
We are entering a SHORT.
📌 Trade data:
Entry: 0.04100
Stop: 0.04250
Take Profit: 0.03800 (Key previous minimum)
MOVEUSDT
Perp
0.04146
-1.19%