MOVE/USDT Perpetual Contract - Technical Analysis 1H(First Call)MOVE / TetherUS PERPETUAL CONTRACTBINANCE:MOVEUSDT.PRoyHiddenTeslaHappy New Year 2026, traders! This is my first call of the year for $MOVE/USDT perpetual on the 1-hour timeframe on Binance. Movement Network (MOVE) is in the spotlight as a modular blockchain ecosystem based on the Move language, with a focus on high security and performance for Web3. Recently, this token experienced a strong pump of up to +21% in 24 hours (around January 15), but now we’re seeing an interesting pullback to analyze. Chart Analysis: • Strong Support at 0.03838: The price found solid footing at this level, acting as a major demand zone. From the chart, there’s an initial bounce from the low area around 0.036-0.037, followed by an aggressive pump upward. • Momentum Pump +10%: Starting around 15:00 (chart time assumption), there’s a large green candle pushing the price sharply up to touch resistance at 0.04229. This indicates strong buying pressure, possibly driven by high volume (see the vertical green area on the chart, indicating temporary bullish momentum). This rise aligns with positive market sentiment, where MOVE is pumping due to developer activity and CEX listings like Binance. • Rejection at Resistance 0.04229: After the pump, the price failed to hold and experienced rejection, followed by a quick drop back to support (see the red area on the chart around 18:00). This is a classic temporary pump-and-dump pattern, with horizontal consolidation above the blue support. • Current Consolidation: The price is ranging around 0.03838-0.0388, with tight ask/bid spreads. 24h volume around $110M+ shows good liquidity, but open interest is slightly down (-0.35%), indicating traders are in wait-and-see mode. Negative funding rate (-0.0047%) means shorts are paying longs, which could support a bullish bias if momentum returns. • Additional Indicators: The lower blue line as dynamic support, upper purple as resistance. If we zoom out, this resembles a bullish rectangle pattern that broke out but failed, now retesting support. RSI might be oversold after the drop (assumed from candle pattern), and if volume picks up again, potential rebound. Trading Idea (Long Bias - Continuation After Pullback): • Entry: Buy above 0.0385 (confirmation of bounce from support). • Target: 0.04229 (main resistance, potential +10% again), then extend to 0.0445 if breakout (based on previous pump). • Stop Loss: 0.0375 (below support, invalidation if breakdown). • Risk/Reward: 1:3, with position size max 2-5% of portfolio. Use low leverage (3-5x) due to high volatility in altcoins like this. • Invalidation: If 1H candle closes below 0.038, switch to short or sideline. This is not financial advice, purely based on TA from the chart. Crypto market is volatile, DYOR and manage risk! If there’s an update, I’ll share it again. What’s your take? Bullish or bearish for MOVE this week? 🚀