Yesterday I looked at $MOVR at around $2.39 and I already didn’t like how the sellers’ pressure looked.
Now the price is about $2.02—almost 15% lower.
And the chart still doesn’t give any reason to relax: big sell orders are still sitting above, and there’s almost no solid support underneath.
Until $MOVR returns to $2.40, I wouldn’t rush to catch the reversal.
If buyers don’t show up, the price may continue falling toward the next liquidity zones.
That’s why I didn’t chase this move up yesterday. Sometimes it’s better to skip a candle than end up inside the next one.
Now the price is about $2.02—almost 15% lower.
And the chart still doesn’t give any reason to relax: big sell orders are still sitting above, and there’s almost no solid support underneath.
Until $MOVR returns to $2.40, I wouldn’t rush to catch the reversal.
If buyers don’t show up, the price may continue falling toward the next liquidity zones.
That’s why I didn’t chase this move up yesterday. Sometimes it’s better to skip a candle than end up inside the next one.
