$MOVR put in a +37.2% candle on $24M volume.
The entire weekly range from 0.622 to 1.17 was printed in the last 24 hours. Price is now holding just above the 20-period EMA after getting rejected hard from the highs.
That wick is the whole story. The desk's read is that supply showed up in size at 1.17, and a single candle doesn't make a new trend. This needs to prove it isn't just exit liquidity for sellers.
Is this a new floor being built, or the best exit you're going to get?
$MOVR
New reads post through the day. Follow so you don't miss the next one.
The entire weekly range from 0.622 to 1.17 was printed in the last 24 hours. Price is now holding just above the 20-period EMA after getting rejected hard from the highs.
That wick is the whole story. The desk's read is that supply showed up in size at 1.17, and a single candle doesn't make a new trend. This needs to prove it isn't just exit liquidity for sellers.
Is this a new floor being built, or the best exit you're going to get?
$MOVR
New reads post through the day. Follow so you don't miss the next one.
