🟢 $MOVE | Consolidation Above Key Demand Zone 📊
I’m watching $MOVE closely as it consolidates right above a strong demand zone after a sharp impulsive move. Selling pressure has been absorbed, and price is building a base here. This kind of setup often leads to a continuation move if support holds, making it a favorable scenario for a long position.
Trade Setup (Long):
Entry Zone: 0.0430 – 0.0440 (near demand zone and base formation)
Take Profit:
TP1: 0.0475
TP2: 0.0510
TP3: 0.0545
Stop Loss: 0.0391
Why this works: I’m entering near a key demand zone where buyers have consistently stepped in. Price consolidation above this level shows that selling pressure is weakening, increasing the probability of a continuation upward. TP1 and TP2 represent realistic resistance levels, while TP3 is an extended target if momentum remains strong. The stop at 0.0391 protects capital in case support fails.
Market Insight:
Trend: Short-term bullish continuation
Strong demand zone holding
Base formation signals accumulation
Risk management is key for maintaining capital
I’m staying disciplined and watching $MOVE closely—only entering if support continues to hold and momentum supports the upside targets.
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