Red candle on MOVR does not always mean cheap entry.
Price: 1.91 · 24h -35.04% · Vol 37M USDT.
MOVR is pulled up to the radar by the scanner due to abnormal volume/move, not a call to buy.
I haven’t assigned the story too early; for now I’m only watching the volume, the price zone, and the reaction after the breakout. Volume of 37M USDT with -35.04% shows selling pressure is still there. The 1.85 zone is the boundary I’m watching; if it’s lost, the recovery story will take even longer.
I want to see weakening sell pressure again around 1.85, or a clearer reclaim of 3.03. Bottom-fishing just because “it dropped a lot” is usually the riskiest part.
Dip buy or wait for confirmation?
#MOVR #DipBuying #RiskManagement
Price: 1.91 · 24h -35.04% · Vol 37M USDT.
MOVR is pulled up to the radar by the scanner due to abnormal volume/move, not a call to buy.
I haven’t assigned the story too early; for now I’m only watching the volume, the price zone, and the reaction after the breakout. Volume of 37M USDT with -35.04% shows selling pressure is still there. The 1.85 zone is the boundary I’m watching; if it’s lost, the recovery story will take even longer.
I want to see weakening sell pressure again around 1.85, or a clearer reclaim of 3.03. Bottom-fishing just because “it dropped a lot” is usually the riskiest part.
Dip buy or wait for confirmation?
#MOVR #DipBuying #RiskManagement