đš $MOVR is flashing a serious breakdown setup.
After failing to hold the $3.00 area, the 1H structure has turned bearish, with lower highs forming as selling pressure continues to build.
Price is now around $2.13, while the next major support Iâm watching sits near $1.52.
Iâm not looking to chase the current drop. Instead, Iâm watching for a weak bounce and retest.
If the $2.50â$2.70 zone fails to recover, the bearish structure remains intact and the downside setup stays active.
After failing to hold the $3.00 area, the 1H structure has turned bearish, with lower highs forming as selling pressure continues to build.
Price is now around $2.13, while the next major support Iâm watching sits near $1.52.
Iâm not looking to chase the current drop. Instead, Iâm watching for a weak bounce and retest.
If the $2.50â$2.70 zone fails to recover, the bearish structure remains intact and the downside setup stays active.
