$MOVR just went vertical on the 4H chart, and price is sitting at 1.916 after a huge move! đ
Look at that massive green candle... it exploded from the 1.205 area straight up toward the 1.954 HIGH. đ
Before that, price was moving sideways around 0.935 and building a base â then BREAKOUT with strong volume.
Notice the VOLUME spike on this move? Buyers came in aggressively. đ„
Now the interesting part... RSI is around 97.5, which is extremely overbought. âĄïž
Price is right under the 1.954 RESISTANCE â a clean break above it could bring continuation.
But if price gets REJECTED here â watch 1.745 as the first SUPPORT below.
Lose 1.745 â next visible levels are 1.475, then 1.205 where the BREAKOUT started. đ
PRICE NEEDS TO HOLD ABOVE 1.745 TO KEEP THIS MOVE ALIVE... a close below it would weaken the idea. đŻ
Guys follow for more chart analysis đ
Look at that massive green candle... it exploded from the 1.205 area straight up toward the 1.954 HIGH. đ
Before that, price was moving sideways around 0.935 and building a base â then BREAKOUT with strong volume.
Notice the VOLUME spike on this move? Buyers came in aggressively. đ„
Now the interesting part... RSI is around 97.5, which is extremely overbought. âĄïž
Price is right under the 1.954 RESISTANCE â a clean break above it could bring continuation.
But if price gets REJECTED here â watch 1.745 as the first SUPPORT below.
Lose 1.745 â next visible levels are 1.475, then 1.205 where the BREAKOUT started. đ
PRICE NEEDS TO HOLD ABOVE 1.745 TO KEEP THIS MOVE ALIVE... a close below it would weaken the idea. đŻ
Guys follow for more chart analysis đ
