📢 $MOVR / $USDT | 🔴 SHORT | ⭐ 77%
🎯 Target: $0.867. Is it still falling?
🎯 Trading levels:
🟢 Entry: $0.932
🛑 Stop Loss: $0.971
🏁 TP1: $0.867
🏁 TP2: $0.854
🏁 TP3: $0.828
📉 Analysis:
The structure of $MOVR / $USDT shows a perfect bearish alignment across all timeframes, with an ADX of 30.58 confirming a strong downtrend. The bearish MACD crossover (momentum indicator), along with sell volume 17.88 times higher than the average, indicates strong institutional distribution activity after confirmation of the Triple Top pattern. Price is trading significantly below the 20, 50, and 200 EMAs, validating predominant selling pressure.
⚖️ Risk/Reward: 1:1.67
⏱️ Timeframe: 1H
📐 Technical Confidence: 4/5
The thesis is invalidated if price breaks upward through $0.971, invalidating the current structure of lower highs. The continuation of the bearish move depends on volume continuing to favor selling pressure below the control point (POC) located at $1.1706.
Do you think the $0.88765 support will be able to halt this drop, or do you expect an extension toward lower levels?
💡 This analysis is for educational purposes and is not financial advice. Do your own research and decide calmly.
#crypto #MOVR #trading #Futures #MarketAnalysis
🎯 Target: $0.867. Is it still falling?
🎯 Trading levels:
🟢 Entry: $0.932
🛑 Stop Loss: $0.971
🏁 TP1: $0.867
🏁 TP2: $0.854
🏁 TP3: $0.828
📉 Analysis:
The structure of $MOVR / $USDT shows a perfect bearish alignment across all timeframes, with an ADX of 30.58 confirming a strong downtrend. The bearish MACD crossover (momentum indicator), along with sell volume 17.88 times higher than the average, indicates strong institutional distribution activity after confirmation of the Triple Top pattern. Price is trading significantly below the 20, 50, and 200 EMAs, validating predominant selling pressure.
⚖️ Risk/Reward: 1:1.67
⏱️ Timeframe: 1H
📐 Technical Confidence: 4/5
The thesis is invalidated if price breaks upward through $0.971, invalidating the current structure of lower highs. The continuation of the bearish move depends on volume continuing to favor selling pressure below the control point (POC) located at $1.1706.
Do you think the $0.88765 support will be able to halt this drop, or do you expect an extension toward lower levels?
💡 This analysis is for educational purposes and is not financial advice. Do your own research and decide calmly.
#crypto #MOVR #trading #Futures #MarketAnalysis