MOVR/USDT Update 📉
$MOVR is cooling off after a strong 50%+ 24h move. On the 15M chart, price is around 1.57 and has slipped below the MA(7) and MA(25).
RSI is near 26.7, showing short-term oversold conditions, but the trend is still weak.
Resistance: 1.59 to 1.75
Support: 1.50 to 1.44
Major support: around 1.35
A reclaim of 1.59 with volume could show buyers returning. Losing 1.50 may increase selling pressure.
After such a sharp move, I’d watch the reaction rather than chase the candle.
#EarningsSeason
$MOVR is cooling off after a strong 50%+ 24h move. On the 15M chart, price is around 1.57 and has slipped below the MA(7) and MA(25).
RSI is near 26.7, showing short-term oversold conditions, but the trend is still weak.
Resistance: 1.59 to 1.75
Support: 1.50 to 1.44
Major support: around 1.35
A reclaim of 1.59 with volume could show buyers returning. Losing 1.50 may increase selling pressure.
After such a sharp move, I’d watch the reaction rather than chase the candle.
#EarningsSeason