📉 MOVE/USDT Short Trade Update 🚨
🔹 Entry: $0.477
🔹 Take Profit (TP): $0.4240
🔹 Stop Loss (SL): $0.4969
Currently in a short trade after price rejected from the upper trendline of the descending channel.
Key Points:
✅ Bearish structure intact, respecting the downtrend.
✅ MACD losing momentum, indicating potential downside.
✅ RSI rejected from overbought, signaling exhaustion.
📌 Next Steps:
🔸 Targeting $0.4240 as the next key level.
🔸 Will manage risk and adjust if needed.
Let’s see how it plays out! 🔥📊
#Crypto #Trading #MOVEUSDT #ShortTrade
🔹 Entry: $0.477
🔹 Take Profit (TP): $0.4240
🔹 Stop Loss (SL): $0.4969
Currently in a short trade after price rejected from the upper trendline of the descending channel.
Key Points:
✅ Bearish structure intact, respecting the downtrend.
✅ MACD losing momentum, indicating potential downside.
✅ RSI rejected from overbought, signaling exhaustion.
📌 Next Steps:
🔸 Targeting $0.4240 as the next key level.
🔸 Will manage risk and adjust if needed.
Let’s see how it plays out! 🔥📊
#Crypto #Trading #MOVEUSDT #ShortTrade
Trade active
📉 MOVE/USDT Trade Closed 🚨🔹 Entry: $0.477
🔹 Stop Loss (Moved): $0.4532
🔹 Take Profit (TP): $0.4240 (Not Hit)
🔸 Trade closed at $0.4532 for a partial profit before reaching TP.
🔸 Price bounced, invalidating further downside for now.
Key Takeaways:
✅ Secured profits by moving SL.
✅ Respecting risk management is key.
✅ Price still within the descending channel—will watch for another setup.
On to the next trade! 🔥📊
#Crypto #Trading #MOVEUSDT #RiskManagement
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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.