$MOVR This strong-volume surge and spike isn’t retail chasing—it's the main force testing a rotation across an integer-level threshold.
In the past 24h, the price move was directly pulled up to +45.4%, with volume expanding to 26M. After 10 minutes came a big bullish candle with strong volume that broke through the $1.00 level, then the 15-minute timeframe quickly sank into a deep dip and retested $0.989. After that, it was immediately reclaimed by buy pressure and then touched $1.139 again.
The focus of the current long-vs-short tussle isn’t how high it can go, but whether the $1.00 integer level can truly turn from a dead resistance into a solid support. If the shorts can’t break through the retest point here, the next leg will be to force a short squeeze to detonate.
Keep an eye on the $1.00 critical boundary: as long as the retest doesn’t fail and break below it, the second stage of long-side squeeze hasn’t finished yet. Once it smashes through $1.00 on high volume and can’t get back up, that’s the textbook case of a “high-pull to lure longs” distribution.
Are any of you who chased into $1.00 with a catching-a-falling-knife just now? Drop your entry cost in the comments.
#暗影萨满 #MOVR
In the past 24h, the price move was directly pulled up to +45.4%, with volume expanding to 26M. After 10 minutes came a big bullish candle with strong volume that broke through the $1.00 level, then the 15-minute timeframe quickly sank into a deep dip and retested $0.989. After that, it was immediately reclaimed by buy pressure and then touched $1.139 again.
The focus of the current long-vs-short tussle isn’t how high it can go, but whether the $1.00 integer level can truly turn from a dead resistance into a solid support. If the shorts can’t break through the retest point here, the next leg will be to force a short squeeze to detonate.
Keep an eye on the $1.00 critical boundary: as long as the retest doesn’t fail and break below it, the second stage of long-side squeeze hasn’t finished yet. Once it smashes through $1.00 on high volume and can’t get back up, that’s the textbook case of a “high-pull to lure longs” distribution.
Are any of you who chased into $1.00 with a catching-a-falling-knife just now? Drop your entry cost in the comments.
#暗影萨满 #MOVR