This morning begins with colossal market moves! A MOVR pair (Moonriver) continues its parabolic surge on the daily timeframe, adding another +71.56% and rapidly trading around 2,908 USDT (after reaching the day’s maximum at 3,090 USDT, a low at 1,525 USDT, as well as an earlier recorded start from the lower bounds around 0,708 USDT).
What does the technical picture on the chart show:
Aggressive growth: A giant vertical green candle confirms a wild inflow of liquidity and absolute dominance of buyers.
Trading volumes: Daily turnover reached a massive mark of 81.37 million USDT (with MOVR volume of 39.01 million), demonstrating incredible market attention to the asset.
Technical condition: The RSI(6) indicator jumped to an extreme value 95.52, indicating extraordinary overheating and the maximum possible volatility.
⚠️ With such parabolic vertical surges, the risks of losing profit are enormous, so strict risk management, fixing part of the positions, and a cool head are absolutely essential.
📉 How do you start your morning? Do you follow this historical pump on MOVR or watch it from the side? Have a great and maximally profitable day, everyone! 👇
#BinanceSquare #MOVR #Moonriver #cryptotrading #altcoins #TechnicalAnalysis
