SHORT $MOVR: Bearish Setup with Strong Indicators
Bearish momentum is strong on $MOVR. The 1h, 4h, and 15m charts all show a clear downtrend. RSI is at 30.32, indicating oversold conditions, while MACD is negative. ATR suggests volatility is manageable.
Shorts can enter at 0.7397 – 0.7489. Take Profit 1 at 0.7099, Take Profit 2 at 0.6893. Stop Loss at 0.7718. Risk/Reward ratio is 1.25 with 75% confidence and a LOW risk rating.
Invalidation if price breaks above 0.7718.
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#DeGenYuv #Moonriver
Bearish momentum is strong on $MOVR. The 1h, 4h, and 15m charts all show a clear downtrend. RSI is at 30.32, indicating oversold conditions, while MACD is negative. ATR suggests volatility is manageable.
Shorts can enter at 0.7397 – 0.7489. Take Profit 1 at 0.7099, Take Profit 2 at 0.6893. Stop Loss at 0.7718. Risk/Reward ratio is 1.25 with 75% confidence and a LOW risk rating.
Invalidation if price breaks above 0.7718.
Follow for daily crypto updates.
#DeGenYuv #Moonriver