Timeframe: 4H (Long-Term Setup)
MOVE is testing a long-term descending trendline. After months of consistently lower highs, we may be on the verge of a bullish breakout.
The previous breakout attempt in April was a fakeout, but the current consolidation near resistance looks healthier and more sustainable this time.
Key Levels to Watch:
Resistance Levels (Upside Targets):
$0.1446 (Current Zone / Breakout Level)
$0.2265 – Mid-term target
$0.3397 – Key structural resistance
$0.5449 – Long-term target if trend reverses fully
Support Levels:
$0.1312 – Immediate support
$0.1173 – Major long-term base support (strongest defense)
Suggested Stop-Loss:
Below $0.117 (invalidates breakout structure)
Outlook:
If MOVE breaks and holds above the descending trendline, a major trend reversal could follow.
The setup suggests accumulation at the bottom, and volume confirmation will be key.
Patience is crucial — this is a long-term opportunity, not a quick trade. Small caps often move explosively once supply zones are cleared.
DYOR | Not Financial Advice
MOVE is testing a long-term descending trendline. After months of consistently lower highs, we may be on the verge of a bullish breakout.
The previous breakout attempt in April was a fakeout, but the current consolidation near resistance looks healthier and more sustainable this time.
Key Levels to Watch:
Resistance Levels (Upside Targets):
$0.1446 (Current Zone / Breakout Level)
$0.2265 – Mid-term target
$0.3397 – Key structural resistance
$0.5449 – Long-term target if trend reverses fully
Support Levels:
$0.1312 – Immediate support
$0.1173 – Major long-term base support (strongest defense)
Suggested Stop-Loss:
Below $0.117 (invalidates breakout structure)
Outlook:
If MOVE breaks and holds above the descending trendline, a major trend reversal could follow.
The setup suggests accumulation at the bottom, and volume confirmation will be key.
Patience is crucial — this is a long-term opportunity, not a quick trade. Small caps often move explosively once supply zones are cleared.
DYOR | Not Financial Advice
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.