I took short on $MOVR and it paid me well❗it just had a crazy move from around 1.70 → 2.38, and now it’s cooling off around 2.02. After a move like that, I’d rather wait for the reaction at support than blindly long the green candles.
🟢 LONG on confirmation
Entry: 1.98–2.03
SL: 1.91
TARGETS: 2.12 / 2.22 / 2.30
Support: 1.98–2.00
Resistance: 2.10–2.15 / 2.30
WHY LONG?
The bigger move is still bullish, and price is currently trying to stabilize around the 2.00 psychological level. If buyers defend this zone and we get a clean push back above 2.05–2.10, I’d expect another attempt toward the recent highs.
OPEN TRADE 👇🏻
$RLC #TradingSignals $GTC
🟢 LONG on confirmation
Entry: 1.98–2.03
SL: 1.91
TARGETS: 2.12 / 2.22 / 2.30
Support: 1.98–2.00
Resistance: 2.10–2.15 / 2.30
WHY LONG?
The bigger move is still bullish, and price is currently trying to stabilize around the 2.00 psychological level. If buyers defend this zone and we get a clean push back above 2.05–2.10, I’d expect another attempt toward the recent highs.
OPEN TRADE 👇🏻
$RLC #TradingSignals $GTC
