👋 MOVR looking interesting for a short position here.
$MOVR — Short 🔻 | Entry Zone: 1.9569 | Stop Loss: 2.1336 | Profit Target 1: 1.6524
Here's the read:
- The overall trend is bearish, with price currently in the lower half of the dealing range.
- Price recently broke a prior swing high at 1.9569, indicating a potential shift or retest.
- The downtrend line remains intact, with recent highs making lower highs.
- We are looking to enter short as price pulls back towards the broken resistance level.
- The stop loss is placed above the most recent swing high, offering a clear risk level.
- The target is set at the low of the dealing range, a significant support level.
Trade safe and manage your risk!
#Trading #Crypto
$MOVR — Short 🔻 | Entry Zone: 1.9569 | Stop Loss: 2.1336 | Profit Target 1: 1.6524
Here's the read:
- The overall trend is bearish, with price currently in the lower half of the dealing range.
- Price recently broke a prior swing high at 1.9569, indicating a potential shift or retest.
- The downtrend line remains intact, with recent highs making lower highs.
- We are looking to enter short as price pulls back towards the broken resistance level.
- The stop loss is placed above the most recent swing high, offering a clear risk level.
- The target is set at the low of the dealing range, a significant support level.
Trade safe and manage your risk!
#Trading #Crypto
