$MOVR APPROACHING HEAVY SUPPLY ZONE โ SHORT SETUP ๐๐ฅ
๐ด SHORT
Entry Range: $2.70โ$2.98
Stop Loss: $3.18
TP1: $1.85
TP2: $1.35
TP3: $0.98
MOVR has made a seriously aggressive move from the $0.70โ$0.90 floor and is now trading around $2.28. For me, the key is whether sellers can defend this heavy daily supply zone instead of giving up the resistance.
Iโm looking for a deeper pull-back while MOVR stays below the $3.18 resistance line. A clean rejection around the entry zone could open the door toward $1.85 first, followed by the $1.35 support level and eventually the marked $0.98 target zone.
After a rally this explosive, Iโm definitely not treating it like a free-money trade ๐ . Volatility can be brutal, so Iโd rather manage position size and give the setup room instead of chasing with oversized risk.
As long as the rejection structure remains intact, my bias stays bearish. Above $3.18, the setup is invalidated for me.
Now letโs see if MOVR has another leg down left in the tank ๐๐ฅ
$ZEC
$CAP
๐ด SHORT
Entry Range: $2.70โ$2.98
Stop Loss: $3.18
TP1: $1.85
TP2: $1.35
TP3: $0.98
MOVR has made a seriously aggressive move from the $0.70โ$0.90 floor and is now trading around $2.28. For me, the key is whether sellers can defend this heavy daily supply zone instead of giving up the resistance.
Iโm looking for a deeper pull-back while MOVR stays below the $3.18 resistance line. A clean rejection around the entry zone could open the door toward $1.85 first, followed by the $1.35 support level and eventually the marked $0.98 target zone.
After a rally this explosive, Iโm definitely not treating it like a free-money trade ๐ . Volatility can be brutal, so Iโd rather manage position size and give the setup room instead of chasing with oversized risk.
As long as the rejection structure remains intact, my bias stays bearish. Above $3.18, the setup is invalidated for me.
Now letโs see if MOVR has another leg down left in the tank ๐๐ฅ
$ZEC
$CAP
