đš $MOVR â DONâT RUSH THE SHORT đš
$MOVR has already pumped more than 200%, and the chart is looking extremely overheated. After a move like this, many traders are expecting a massive correction and a return toward the starting zone.
But thatâs exactly why Iâm staying cautious. đ
Heavy liquidity may still be sitting above the current price. If those levels get swept first, early shorts could become fuel for another short squeeze. đ„
I wouldnât be surprised to see $MOVR make another aggressive move â potentially +50% to +100% â before the bigger correction arrives.
Eventually, a move this strong can correct brutally. But being right about the direction and entering too early are two very different things. đ
đŻ My downside target: $4 âł For now, Iâm waiting and watching the price action.
Donât chase the top. Donât short blindly. Manage your risk. DYOR âą NFA #MOVR #Moonriver #Crypto #Altcoins #Trading
$MOVR has already pumped more than 200%, and the chart is looking extremely overheated. After a move like this, many traders are expecting a massive correction and a return toward the starting zone.
But thatâs exactly why Iâm staying cautious. đ
Heavy liquidity may still be sitting above the current price. If those levels get swept first, early shorts could become fuel for another short squeeze. đ„
I wouldnât be surprised to see $MOVR make another aggressive move â potentially +50% to +100% â before the bigger correction arrives.
Eventually, a move this strong can correct brutally. But being right about the direction and entering too early are two very different things. đ
đŻ My downside target: $4 âł For now, Iâm waiting and watching the price action.
Donât chase the top. Donât short blindly. Manage your risk. DYOR âą NFA #MOVR #Moonriver #Crypto #Altcoins #Trading
