The upward momentum has reached an extreme, and buyers appear overwhelmed at high levels, unable to sustain the rally. The RSI is severely overbought, and the price is encountering resistance at a key level, indicating active selling pressure. As supply begins to outweigh demand and liquidity feels heavy, conditions are set for a downward move.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
$MOVE has extended its upward move excessively, with weak upward momentum, and sellers are beginning to take control.
Short $MOVE now
Entry: 0.02540 - 0.02550
Stop Loss: 0.02655
First Target: 0.02350
Second Target: 0.02250
Third Target: 0.02090
The upward momentum has reached an extreme, and buyers appear overwhelmed at high levels, unable to sustain the rally. The RSI is severely overbought, and the price is encountering resistance at a key level, indicating active selling pressure. As supply begins to outweigh demand and liquidity feels heavy, conditions are set for a downward move.
Trade $MOVE 👇 here