🔥$MOVE is doing THAT thing again... The battle between the bears and bulls is heating up, and I'm here to guide you through the chaos. With the price hovering at 0.03661, it's clear that the trend is still BULLISH, sitting comfortably above the EMA200. However, the low and thin volume of $54.30M is raising some eyebrows. The momentum, as indicated by the MACD histogram, is at -0.0003, which isn't overwhelmingly bearish but does suggest a potential pullback. The extreme volatility of 5.34% is a double-edged sword - it can lead to massive gains or significant losses. As the whales remain neutral, hiding in the dark pool, it's up to us to decipher the market's next move. The funding rate of -0.0646% isn't extremely bearish, but it's something to keep in mind. With the mark price and index price nearly identical, it's a waiting game to see which direction the market will swing.
MOVE | LONG🟢
💰Price: $0.03661
📊Market Dashboard:
• Vol: $54.30M | OI: $5.96M
• Range: 0.03 - 0.04
• Funding: -0.0646%
• Mark: 0.03661 | Index: 0.03662372
🎯Entry Zone: 0.0355 - 0.0360 (Looking for a pullback to the lower end of the current range, below the current price, to enter long)
🛑Stop Loss: 0.0345 (Calculation: 1.5x ATR, adjusted for the extreme volatility)
💰Targets:
1. 0.0380 (TP1: Above the current resistance, looking for a safe exit)
2. 0.0405 (TP2: Swing high, aiming for a multi-day swing)
3. 0.0430 (TP3: Moonbag, targeting a significant breakout)
⚖️Leverage: Cross 5x-7x (Adjusted for Extreme (5.34%) Volatility)
🔑Key Drivers:
- Low and thin volume
- BULLISH trend above EMA200
- Extreme volatility
⚠️RISK WARNING: High leverage = High risk. Manage your bankroll!
⚠️CTA:👉Chart looks spicy? Tap below to confirm my bias🌶️
