🚨 $MOVR IS BULLISH — BUT THIS IS NOT A GOOD PLACE TO CHASE.
The latest closed H1 candle finished at $2.7093.
MOVR broke above $2.4550, confirming a bullish break of structure. The important lows have also moved higher from $1.5170 to $2.0303.
Volume supports the move: the breakout candle traded at 1.81× the recent average, and the next push reached 2.00× average volume.
But here’s the problem:
Price already jumped to $3.0912 and was rejected. The latest red candle also came with 1.35× average volume. Buying after a vertical move could mean entering near the top.
Wyckoff suggests a developing markup phase, while SMC shows a bullish imbalance around $2.4960–$2.5514.
🟢 BULLISH BIAS — NO ENTRY YET
Entry: $2.4550–$2.4960, only if a fresh pullback holds and an H1 candle closes back above $2.4960
SL: $2.2000
TP1: $2.9876 (1.86R)
TP2: $3.0912 (2.23R)
An H1 close below $2.2000 would cancel this setup.
No retest means no entry. I’m waiting for MOVR to come back to the breakout zone instead of chasing the pump.
Will buyers defend $2.4550–$2.4960 when the real test arrives? 👀
$MOVR #Wyckoff #SMC
Paper analysis only. Not financial advice.
The latest closed H1 candle finished at $2.7093.
MOVR broke above $2.4550, confirming a bullish break of structure. The important lows have also moved higher from $1.5170 to $2.0303.
Volume supports the move: the breakout candle traded at 1.81× the recent average, and the next push reached 2.00× average volume.
But here’s the problem:
Price already jumped to $3.0912 and was rejected. The latest red candle also came with 1.35× average volume. Buying after a vertical move could mean entering near the top.
Wyckoff suggests a developing markup phase, while SMC shows a bullish imbalance around $2.4960–$2.5514.
🟢 BULLISH BIAS — NO ENTRY YET
Entry: $2.4550–$2.4960, only if a fresh pullback holds and an H1 candle closes back above $2.4960
SL: $2.2000
TP1: $2.9876 (1.86R)
TP2: $3.0912 (2.23R)
An H1 close below $2.2000 would cancel this setup.
No retest means no entry. I’m waiting for MOVR to come back to the breakout zone instead of chasing the pump.
Will buyers defend $2.4550–$2.4960 when the real test arrives? 👀
$MOVR #Wyckoff #SMC
Paper analysis only. Not financial advice.
