$MOVR I went from $0.92 to $1.18, then I’m now at $1.21… should I enter now or wait?
The last upswing happened quickly, but there are points that make me not rush the entry:
• Spot CVD is still weak and leaning downward, from around -4.25M to -32.39M.
• Open Interest has surged to 3.69M.
• Funding rate is at -0.0009.
This means the rally wasn’t clearly supported by real buying in the spot market, and a large part of the move came from closing/squeezing short positions, while there are still gaps and plenty of liquidity sitting in the futures.
So, the scenario I’m currently watching is a pullback before any new rally.
🎯 Pullback targets:
1️⃣ $1.00
2️⃣ $0.99–$0.98
3️⃣ $0.92
These are the zones where I’m watching for price reaction and new liquidity.
If $MOVR wants to keep pushing upward, I need to see real liquidity entering the market—not just a rise caused by the futures.
🔑 The most important point:
If the price breaks above $1.30 and closes above it, with real buying supporting the move, then this current rally becomes stronger and we can re-evaluate the scenario.
As for now, at $1.21, waiting is better for me than chasing the upswing.
The last upswing happened quickly, but there are points that make me not rush the entry:
• Spot CVD is still weak and leaning downward, from around -4.25M to -32.39M.
• Open Interest has surged to 3.69M.
• Funding rate is at -0.0009.
This means the rally wasn’t clearly supported by real buying in the spot market, and a large part of the move came from closing/squeezing short positions, while there are still gaps and plenty of liquidity sitting in the futures.
So, the scenario I’m currently watching is a pullback before any new rally.
🎯 Pullback targets:
1️⃣ $1.00
2️⃣ $0.99–$0.98
3️⃣ $0.92
These are the zones where I’m watching for price reaction and new liquidity.
If $MOVR wants to keep pushing upward, I need to see real liquidity entering the market—not just a rise caused by the futures.
🔑 The most important point:
If the price breaks above $1.30 and closes above it, with real buying supporting the move, then this current rally becomes stronger and we can re-evaluate the scenario.
As for now, at $1.21, waiting is better for me than chasing the upswing.
