Movement / USDT
Long

MOVE/USDT (4H Chart)

237
Trade Analysis & Setup: MOVE/USDT (4H Chart)
Key Observations:
Breakout from a Downtrend Channel 🚀

The price was in a descending channel, forming lower highs and lower lows.
A strong breakout above the channel and trendline resistance has occurred.
Volume spike supports the breakout, indicating strong buying pressure.
Support and Resistance Levels:

Support Zone: Around 0.67 - 0.70 USDT (previous resistance turned support).
Next Resistance: 0.88 - 0.93 USDT (marked as a potential target zone).
Retest & Confirmation

Price is likely to retest the breakout zone (~0.70 - 0.74 USDT) before continuation.
A successful retest with bullish confirmation would signal an entry opportunity.
Volume & RSI:

Volume Surge: Bullish confirmation of breakout.
RSI Rising: Approaching overbought but still has room for continuation.
Trade Setup:
📈 Long (Buy) Setup:
Entry: $0.72 - $0.75 (on retest of the breakout)
Stop Loss: Below $0.67 (to invalidate breakout)
Take Profit Targets:
TP1: $0.83 (previous resistance)
TP2: $0.90 - $0.93 (major resistance area)
📉 Bearish Scenario (Invalidation):
If price falls back into the channel and closes below $0.67, the breakout would be invalid.
Potential drop towards $0.59 - $0.63 if the retest fails.
Final Thoughts:
✅ Bullish breakout confirmed with strong volume and trendline break.
⏳ Waiting for retest around $0.72 - $0.74 for an optimal long entry.
🚨 Risk Management: Place stop-loss below $0.67 to avoid fakeouts.

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