🚀 $MOVR is gearing up for a bullish move, and I’m getting ready alongside it
After a sharp correction, the coin has started to stabilize in an important area and is currently retesting the 50 EMA on the daily timeframe. The encouraging thing is that it tried to break below the average and stay there throughout last week, but managed to recover and close above it each time. This points to buying pressure in the area, with positive divergence emerging to support the possibility of a recovery.
📍 Entry zone: 1.400–1.440
🎯 TP1: 1.520 (+8%)
🎯 TP2: 1.650 (+17%)
🎯 TP3: 1.800 (+28%)
🎯 TP4: 2.000 (+40%)
For me, this trade is based on the daily timeframe, so my outlook is medium to long term, with distant targets. But if $MOVR starts losing the 50 EMA and fails to reclaim it, I may begin exiting the trade.
After a sharp correction, the coin has started to stabilize in an important area and is currently retesting the 50 EMA on the daily timeframe. The encouraging thing is that it tried to break below the average and stay there throughout last week, but managed to recover and close above it each time. This points to buying pressure in the area, with positive divergence emerging to support the possibility of a recovery.
📍 Entry zone: 1.400–1.440
🎯 TP1: 1.520 (+8%)
🎯 TP2: 1.650 (+17%)
🎯 TP3: 1.800 (+28%)
🎯 TP4: 2.000 (+40%)
For me, this trade is based on the daily timeframe, so my outlook is medium to long term, with distant targets. But if $MOVR starts losing the 50 EMA and fails to reclaim it, I may begin exiting the trade.