This afternoon, I shared my views on $MOVE with my colleagues in the organization.
Right now, it seems to be forming a cup and handle pattern. According to technical analysis, we can predict its target price from the height of the cup's bottom to its mouth, approximately at a 1:1 ratio, which could reach around 2.2.
However, whether it can really achieve that depends on the overall market's support, because technical analysis is like guessing what's in the left pocket; we need to be conservative and not too aggressive.
My current strategy is to see if it can break through the resistance level of 1.4. If it can't, I'll wait and see if it pulls back before entering. If it does break through, I'll look for signals to tell me when to sell. If I'm not greedy, I can sell in batches before it hits 2.
Recently, the market seems to be warming up a bit, but $BTC is still stuck around 98000, and the trading volume has decreased. There might be another wave of decline coming, which could clear out the leverage.
However, I still say, be conservative and wait. Spot trading requires patience and minimal actions.
For the upcoming layout direction, I will guide everyone to target the lucrative opportunities in altcoins, with an expected return of over 10 times being no problem. Like and leave a message, and I’ll take you through the entire bull market!