$MOVR is up about 235% in a week and trading around $2.88 after touching 3.09 today. For a coin that sat between 0.60 and 1.00 for most of September, that's a very fast move.
I'm not calling a top or a bottom here. The chart just shows how stretched it is.
On the daily, resistance is 2.95 to 3.09, and today it already pulled back from that area. If it holds a close above 3.09, the move could extend. If not, the first support is 2.13 to 2.22, then 1.52 and 1.25.
Volume is the highest in the past month, which is why the swings are violent in both directions. Binance also lists it under Monitoring, so on a coin like this position size matters more than direction.
Do you trade moves like this, or wait for a pullback?
#MOVRAnalysis #Binance
I'm not calling a top or a bottom here. The chart just shows how stretched it is.
On the daily, resistance is 2.95 to 3.09, and today it already pulled back from that area. If it holds a close above 3.09, the move could extend. If not, the first support is 2.13 to 2.22, then 1.52 and 1.25.
Volume is the highest in the past month, which is why the swings are violent in both directions. Binance also lists it under Monitoring, so on a coin like this position size matters more than direction.
Do you trade moves like this, or wait for a pullback?
#MOVRAnalysis #Binance
