🚨 $MOVR | REJECTION SETUP 🔴
The price of $MOVR is facing repeated bearish rejection from the main supply zone on the 30-minute timeframe, accompanied by a break of the current red moving average candle and a clear pullback in momentum indicators.
🔴 Watch Zone: 1.040$– 1.065$
🎯 Targets:
TP1: 0.940$
TP2: 0.909$
TP3: 0.881$
🛑 Scenario Invalidation: 1.080$ (a breakout of the supply zone and closing above it)
📌 Scenario: A bearish rejection from the 1.040$– 1.065$ supply zone supports the start of a gradual corrective downwave, breaking the fast moving averages, targeting intermediate levels down to the main support zone below at 0.770$.
⚠️ Note: The appearance of a bearish crossover with decreasing momentum reinforces the sell scenario, as long as the price maintains trading below the specified supply zone.
The price of $MOVR is facing repeated bearish rejection from the main supply zone on the 30-minute timeframe, accompanied by a break of the current red moving average candle and a clear pullback in momentum indicators.
🔴 Watch Zone: 1.040$– 1.065$
🎯 Targets:
TP1: 0.940$
TP2: 0.909$
TP3: 0.881$
🛑 Scenario Invalidation: 1.080$ (a breakout of the supply zone and closing above it)
📌 Scenario: A bearish rejection from the 1.040$– 1.065$ supply zone supports the start of a gradual corrective downwave, breaking the fast moving averages, targeting intermediate levels down to the main support zone below at 0.770$.
⚠️ Note: The appearance of a bearish crossover with decreasing momentum reinforces the sell scenario, as long as the price maintains trading below the specified supply zone.
