đ $MOVR Correction Played Out Exactly as Expected
After the explosive rally, $MOVR faced heavy selling pressure near the $3.00â$3.35 zone and delivered the pullback many traders were watching for.
đŽ Local Top: ~$3.34
đą Current Support: ~$2.00
â Rejection from resistance confirmed
â Correction phase completed
â Key support now being tested
The $2.00 level is the area to watch. As long as buyers defend it, a recovery bounce remains possible. A breakdown below support could trigger another wave of selling and extend the correction.
For now, the market is shifting from momentum trading to a support-versus-resistance battle.
After the explosive rally, $MOVR faced heavy selling pressure near the $3.00â$3.35 zone and delivered the pullback many traders were watching for.
đŽ Local Top: ~$3.34
đą Current Support: ~$2.00
â Rejection from resistance confirmed
â Correction phase completed
â Key support now being tested
The $2.00 level is the area to watch. As long as buyers defend it, a recovery bounce remains possible. A breakdown below support could trigger another wave of selling and extend the correction.
For now, the market is shifting from momentum trading to a support-versus-resistance battle.
