MOVEUSD trade ideas
$MOVE - Leggo!I noticed it on the 4h chart but zoomed in for clarity. I lucked out and jumped in big on Wednesday and its paid off, so im a little bias right now, but this is a new token with some decent utility and is setting its price in the market, so if the market responds i dont see why this wont rally big.....So LFG!
MOVEUSD 12/19/2024MOVEUSD 1HR Chart Analysis
Overview:
• Listing: Recently added to Coinbase last week.
• Initial Trend: Price immediately entered a downtrend but found a floor by the end of the week.
Pattern Formation:
• After establishing a floor, the price moved sideways, forming an Accumulation Phase.
• Breakout Confirmation:
o Yesterday: A spike in volume led to a breakout from the sideways range, confirming the accumulation phase.
o Today: Price remains above the resistance level it broke out from, pulling back to the 10-day EMA for support.
o The MACD remains above its signal in bullish territory, indicating sustained bullish momentum.
Trade Setup:
• Entry: $0.7272
• Stop-Loss: $0.6530 (-10.20%)
• Target: $1.0233 (+40.72%, 3.99 RR Ratio)
Summary:
MOVEUSD demonstrates strong bullish momentum after breaking out of its accumulation phase. The price's support at the 10-day EMA and the bullish MACD signal offer a favorable opportunity for a long trade setup.
Order in to buy $MOVEUSD @ 0.6101COINBASE:MOVEUSD
Ladies and gentlemen, I've been compiling a watchlist all day, no time to make any videos yet though I've had some requests, I'll get to it ASAP, first I have to pay my bills...
Right now at 3:36 PM Eastern standard time I have placed an order to buy a whole bunch of COINBASE:MOVEUSD at $.61, and I plan to sell in the very short term @.6714, possibly .66 depending on apparent momentum. Likewise, if price direction is a slow and steady increase, it may not produce rapid expansion until higher in which case I'll try to take advantage of that… But the very least will be roughly 61 to 66. Which is about 8%, a nice little afternoon for me.
It appears to be moving upward now, but I am anticipating a little wick down to hopefully fill this order before rapidly recovering its current price. If it doesn't, it doesn't, I have dozens of others I'm lining up. But the nature of these things is to test departure levels at least once before moving on - the initial run is usually not all there is in whatever timeframe you're looking at. I want opportunities that appear unlikely. I look at dozens of charts and set alerts at unlikely but hardly impossible retracements and if they don't happen, that's fine, but if they do, and they very often do, it presents a much lower risk and a higher return.
