🚨 $MOVE : Strong Peak Rejection - Short Setup Initiating Correction! 📉

Plan trade: Short 🔴

Entry Zone: 0.045 - 0.042

Take Profit:

🎯 TP1: 0.041

🎯 TP2: 0.0402

🎯 TP3: 0.0393

Stop Loss: 0.0462

MOVEUSDT

Perp

0.04013

-8.73%

🔥 Technical Analysis:

On the 15m chart, $MOVE has been strongly rejected at the 0.04760 peak and is currently declining. Price has broken below the EMA(10) and EMA(25) and is bouncing for a retest. RSI on the H4 chart is starting to drop from high levels, signaling that buying momentum is exhausted. Price is likely to continue its move down toward lower support.

⚠️ SL Explanation:

The 0.0462 level is placed just below the recent high of 0.04760 and acts as a key resistance zone. Breaking this level would invalidate the bearish scenario.