$MOVR open short
$MOVR: I WAS WRONG ON TIMING, BUT ON THE RIGHT TRACK! ๐ฏ
Yesterday, I shared my short-term outlook on $MOVR, anticipating a minor relief pump before a pullback. The market had other plansโit didn't just rise, it exploded, nearly doubling in price from yesterday's levels.
Despite the aggressive momentum, my core thesis remains unchanged. Vertical pumps like this in lower-cap assets often lead to sharp cool-offs, which is why I still believe a gradual short position is the play here.
Key Takeaway & Strategy:
Scale In, Don't Rush: With highly volatile assets like this, Dollar-Cost Averaging (DCA) into your entry is essential. Never go all-in at a single price point.
Risk Management First: Build your position incrementally to absorb sharp wicks and keep your average entry competitive
$MOVR: I WAS WRONG ON TIMING, BUT ON THE RIGHT TRACK! ๐ฏ
Yesterday, I shared my short-term outlook on $MOVR, anticipating a minor relief pump before a pullback. The market had other plansโit didn't just rise, it exploded, nearly doubling in price from yesterday's levels.
Despite the aggressive momentum, my core thesis remains unchanged. Vertical pumps like this in lower-cap assets often lead to sharp cool-offs, which is why I still believe a gradual short position is the play here.
Key Takeaway & Strategy:
Scale In, Don't Rush: With highly volatile assets like this, Dollar-Cost Averaging (DCA) into your entry is essential. Never go all-in at a single price point.
Risk Management First: Build your position incrementally to absorb sharp wicks and keep your average entry competitive