๐ MOVR โ SHARP PARABOLIC RETRACEMENT & COOL-DOWN SETUP! ๐ด
$MOVR (Moonriver) is trading at 2.1406 (-17.21%, or roughly Rs592.82), navigating within an extreme 24h range between a high of 3.3400 and a low of 2.0111. Price action on this 4H chart shows a heavy corrective retracement after peaking at 3.3400, slicing below the fast MA(7) (2.5650) while holding above the MA(25) (1.8289) and major MA(99) (1.1298) structural support base.
๐ QUICK TRADE PLAN โ 4H
๐ข LONG ENTRY: 1.7500โ2.0500 (on support defense and stabilization near the MA(25) or demand zones)
๐ STOP LOSS: 1.6000
๐ฏ TP1: 2.6000
๐ฏ TP2: 3.2000
Are you buying this Moonriver dip after the massive parabolic surge, or waiting for a confirmed trend reversal? Let's discuss below! ๐
๐ Trade: $MOVR
#movr #Moonriver #cryptotrading #BinanceSquare #Correction
$MOVR (Moonriver) is trading at 2.1406 (-17.21%, or roughly Rs592.82), navigating within an extreme 24h range between a high of 3.3400 and a low of 2.0111. Price action on this 4H chart shows a heavy corrective retracement after peaking at 3.3400, slicing below the fast MA(7) (2.5650) while holding above the MA(25) (1.8289) and major MA(99) (1.1298) structural support base.
๐ QUICK TRADE PLAN โ 4H
๐ข LONG ENTRY: 1.7500โ2.0500 (on support defense and stabilization near the MA(25) or demand zones)
๐ STOP LOSS: 1.6000
๐ฏ TP1: 2.6000
๐ฏ TP2: 3.2000
Are you buying this Moonriver dip after the massive parabolic surge, or waiting for a confirmed trend reversal? Let's discuss below! ๐
๐ Trade: $MOVR
#movr #Moonriver #cryptotrading #BinanceSquare #Correction
