$MOVR
๐ฅ $MOVR/USDT | Is $4 possible?
The daily chart is very clear:
๐ Current price: around $2.85
๐ First important resistance: $2.78โ$2.85
๐ The key level: $3.36โ$3.37
๐ 4$: an extended target, not the first resistance.
๐ข Bullish scenario
If the price manages to hold above $2.78โ$2.85$ and continues strongly:
TP1: $3.00โ$3.10$
TP2: $3.30โ$3.37$
๐ And if thereโs a clear breakout of $3.37$ and it holds above it, then the $3.70โ$4.00$ zone becomes logical as an extension of the move.
In short:
$3.37$ is the gate that needs to be broken for us to seriously talk about $4$.
๐ป Bearish scenario
If the price is rejected from the current zone and loses $2.78$:
We may see a return to $2.30โ$2.35$, which is a very important area on the chart.
And if selling pressure increases, the next level is around $2.00$.
๐ฏ Retest zones
Instead of chasing the price after this jump, these are the areas Iโm watching on the chart:
$2.55โ$2.65$
Then $2.30โ$2.35$
Then $1.95โ$2.05$ if a deeper correction happens.
๐ง Conclusion
Can MOVR reach $4$? Yes, technically itโs possible, but with an important condition: a breakout and holding above $3.36โ$3.37$.
As for now, the price is far from the correction zones and the RSI is very high, so chasing the upside is riskier than waiting for a clear retest.
#MOVR #MOVRUSDT #Binance #BinanceSquare #Crypto #CryptoAnalysis #TechnicalAnalysis #Altcoins #Trading #ุชุญููู_ููู #ุนู ูุงุช_ุฑูู ูุฉ #ูุฑูุจุชู
๐ฅ $MOVR/USDT | Is $4 possible?
The daily chart is very clear:
๐ Current price: around $2.85
๐ First important resistance: $2.78โ$2.85
๐ The key level: $3.36โ$3.37
๐ 4$: an extended target, not the first resistance.
๐ข Bullish scenario
If the price manages to hold above $2.78โ$2.85$ and continues strongly:
TP1: $3.00โ$3.10$
TP2: $3.30โ$3.37$
๐ And if thereโs a clear breakout of $3.37$ and it holds above it, then the $3.70โ$4.00$ zone becomes logical as an extension of the move.
In short:
$3.37$ is the gate that needs to be broken for us to seriously talk about $4$.
๐ป Bearish scenario
If the price is rejected from the current zone and loses $2.78$:
We may see a return to $2.30โ$2.35$, which is a very important area on the chart.
And if selling pressure increases, the next level is around $2.00$.
๐ฏ Retest zones
Instead of chasing the price after this jump, these are the areas Iโm watching on the chart:
$2.55โ$2.65$
Then $2.30โ$2.35$
Then $1.95โ$2.05$ if a deeper correction happens.
๐ง Conclusion
Can MOVR reach $4$? Yes, technically itโs possible, but with an important condition: a breakout and holding above $3.36โ$3.37$.
As for now, the price is far from the correction zones and the RSI is very high, so chasing the upside is riskier than waiting for a clear retest.
#MOVR #MOVRUSDT #Binance #BinanceSquare #Crypto #CryptoAnalysis #TechnicalAnalysis #Altcoins #Trading #ุชุญููู_ููู #ุนู ูุงุช_ุฑูู ูุฉ #ูุฑูุจุชู
