$MOVR — IS THE MARKET SHAKEOUT OVER?
MOVR is showing renewed selling pressure, with CoinGlass reporting a price near $1.063 and a 5.46% decline over 24 hours.
Market Snapshot:
• Futures Volume: $16.75M
• Spot Volume: $1.39M
• Open Interest: $9.01M
What Are Traders Watching?
Recent Binance liquidation data points to significant pressure on leveraged LONG positions. However, liquidations alone cannot confirm whether whales are accumulating or distributing.
Trading Plan:
🟢 LONG: Only after support recovery and confirmed buying volume.
🔴 SHORT: Consider only if support breaks and a retest fails.
Avoid chasing a falling price.
The next move depends on whether buyers can absorb selling pressure.
#MOVR/USDT #moonriver #cryptotrading #Altcoins #BİNANCESQUARE
MOVR is showing renewed selling pressure, with CoinGlass reporting a price near $1.063 and a 5.46% decline over 24 hours.
Market Snapshot:
• Futures Volume: $16.75M
• Spot Volume: $1.39M
• Open Interest: $9.01M
What Are Traders Watching?
Recent Binance liquidation data points to significant pressure on leveraged LONG positions. However, liquidations alone cannot confirm whether whales are accumulating or distributing.
Trading Plan:
🟢 LONG: Only after support recovery and confirmed buying volume.
🔴 SHORT: Consider only if support breaks and a retest fails.
Avoid chasing a falling price.
The next move depends on whether buyers can absorb selling pressure.
#MOVR/USDT #moonriver #cryptotrading #Altcoins #BİNANCESQUARE