đč Pair: MOVE/USDT (Perpetual)
âł Timeframe: 1H
đ Previous Trend: Bearish
đ Current Bias: Bullish (Primary Setup), Bearish Contingency
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đ” Primary Setup â Bullish Continuation
đ Market Structure & Analysis:
â Falling Wedge Breakout: MOVE/USDT has broken a contracting falling wedge, signaling a bullish reversal.
â Higher Low Forming: A shift in market structure suggests a potential uptrend.
â Volume Increasing: Strong buying pressure supports momentum.
â Key Fibonacci Levels: The price is reclaiming 0.382 Fib with 0.5 and 0.618 resistance zones ahead.
đŻ Bullish Trade Setup:
đč Entry Zone: $0.4180 â $0.4220 (Pullback entry)
đ Targets:
TP1: $0.4380 (0.5 Fibonacci)
TP2: $0.4500 (0.618 Fibonacci)
TP3: $0.4650 (Major resistance)
đ» Stop-Loss (SL): Below $0.4080 (Wedge invalidation)
đ Risk/Reward Ratio: 2.5+:1
đ Bullish Confirmation: A 1H close above $0.4280 signals further upside.
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đŽ Bearish Contingency â Possible Rejection
â ïž Bearish Signs to Watch:
â Resistance at $0.4280 â $0.4380: If price struggles here, a rejection could trigger another downtrend.
â Fake Breakout Risk: Low liquidity (Dead Zone session) could cause a bull trap.
â Volume Divergence: If price rises but volume decreases, upside momentum could fade.
đ Bearish Trade Setup (Only if rejection occurs):
đč Entry Zone: $0.4260 â $0.4320 (Shorting resistance zone)
đ Targets:
TP1: $0.4120 (0.382 Fib retest)
TP2: $0.4050 (Stronger support zone)
TP3: $0.3900 (Full breakdown level)
đ» Stop-Loss (SL): Above $0.4380 (Invalidates bearish bias)
đ Risk/Reward Ratio: 2.0+:1
đ Bearish Confirmation: A 1H close below $0.4150 signals further downside.
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đą Final Verdict:
đ” Bullish Setup is Primary: If price holds above $0.4180, expect continuation to $0.4500+.
đŽ Bearish Setup is Secondary: If price fails to break $0.4280 â $0.4380, a rejection could push it back to $0.4000 or lower.
đŻ Key Level to Watch: $0.4280 â If broken, bullish continuation is strong. If rejected, prepare fo
r a drop.
đ Stay updated & trade smart! Manage risk accordingly! đ
