$MOVR is going to dump 90% from here? đš
After a 200%+ move, everyone expects the same thing: one massive red candle and straight back down.
And because of that, everyone is piling into shorts right now đ
But this is exactly where Iâm being careful.
Iâve been watching the liquidity and on-chain activity, and thereâs still a lot of heavy liquidity sitting above the current price. If market makers decide to hunt those levels first, all these early shorts could end up becoming fuel for another squeeze.
I wouldnât be surprised at all if $MOVR does something completely stupid and pushes another 50â100% higher before giving people the dump theyâre waiting for.
Will it eventually correct? Probably. And when it does, it could be brutal.
But in this market, being right isnât enough.
If you short too early and get liquidated first, it doesnât matter if youâre right later đ
Iâm waiting.
Let everyone else fight for the perfect top.
Personally, I think we see $MOVR at $4 before we see the move everyone is expecting đ
#NFPWatch #BitcoinRisesToward$85K #MOVR/USDT
After a 200%+ move, everyone expects the same thing: one massive red candle and straight back down.
And because of that, everyone is piling into shorts right now đ
But this is exactly where Iâm being careful.
Iâve been watching the liquidity and on-chain activity, and thereâs still a lot of heavy liquidity sitting above the current price. If market makers decide to hunt those levels first, all these early shorts could end up becoming fuel for another squeeze.
I wouldnât be surprised at all if $MOVR does something completely stupid and pushes another 50â100% higher before giving people the dump theyâre waiting for.
Will it eventually correct? Probably. And when it does, it could be brutal.
But in this market, being right isnât enough.
If you short too early and get liquidated first, it doesnât matter if youâre right later đ
Iâm waiting.
Let everyone else fight for the perfect top.
Personally, I think we see $MOVR at $4 before we see the move everyone is expecting đ
#NFPWatch #BitcoinRisesToward$85K #MOVR/USDT
