MOVE/USDT Technical Analysis (15m)
1. Trend Structure
MOVE/USDT has been in a narrow range between 0.039–0.040 for a long time, followed by a significant increase in volume, with a peak reaching around 0.056, and currently retracing to about 0.0451. The main upward segment is strongly driven upwards, followed by a minor adjustment in a high position. The current K line is running above MA7, MA25, and MA99, with the moving averages still in a bullish arrangement, but the price on the right side is slightly declining within the channel, belonging to a 'high position pullback channel after a strong increase'. The overall structure is biased towards bullish, but the short-term is digesting profit-taking.
2. Key Price Levels
Support Level: 0.0435–0.0440
This area is close to the current lower boundary of the small channel and the support of MA25. If it retraces and does not break, it is beneficial to complete the consolidation and attempt to attack again; if it breaks down with volume, then attention should be paid to around 0.0420 (upper boundary of the previous platform), falling back into the platform indicates a significant decrease in breakthrough momentum.
Resistance Level: 0.0465–0.0470
This is near the upper boundary of the small channel and recent high points of fluctuations. If the bulls can break through with volume and stabilize above, there is a chance to retest 0.0500 and the high range of 0.052–0.056; if multiple attempts yield no results, it indicates that selling pressure above is still heavy, and the time for high position consolidation may be extended.
3. Comparison of Bull and Bear Strength
Bullish Side: The main upward segment shows significant volume, indicating that funds are actively pushing the price up; the current price remains stable above the medium and long-term moving averages, indicating that the medium and short-term trend has not been damaged, and the pullback is more about profit realization and washing positions.
Bearish Side: The current retracement mainly focuses on a gradual decline within the high position channel, which is a technical pullback in a bullish market, and there has not been a continuous large bearish volume smashing down, but the selling pressure of trapped chips at high positions is concentrated near the upper boundary.
4. Trading Strategy Reference
Bullish Strategy: Cautious traders can focus on the 0.0435–0.0440 area, which is the support zone where the lower boundary of the channel coincides with the short moving averages. If a signal of reduced volume pullback + increased volume rebound appears, they can attempt to take a small long position, with the initial target looking at 0.0465–0.0470, and after breaking, then looking at 0.0500 and the high range of 0.052–0.056, with partial profit-taking at high positions; the stop-loss should be placed below 0.0420; if it falls back into the platform, decisive stop-loss should be executed.
Bearish Strategy: In the 0.0465–0.0470 area, when the price touches or slightly breaks above the upper boundary of the channel but lacks volume, a small position can be taken to bet on a pullback within the channel, with the target looking back at 0.0440–0.0435, and the stop-loss should be placed above 0.0480, firmly avoiding heavy positions against the trend for a medium-term short.
