Long Scenario
I would not enter directly at $2.20. I would wait for confirmation of the breakout.
Entry: After a 1H candle closes above $2.30
SL: $2.15
TP1: $2.48
TP2: $2.56
TP3: $2.75 if the momentum continues
Idea: A breakout above $2.30 followed by holding that level could give the price a chance to move toward the MA25 area around $2.56.
đŽ Short Scenario
I would wait for a support breakdown rather than shorting in the middle of the current range.
Entry: After a 1H candle closes below $1.99â$2.00
SL: $2.10
TP1: $1.90
TP2: $1.84 â close to the MA99
TP3: $1.70 if the downtrend continues
â ïž Most Important Point
The $2.00â$2.30 range is currently a middle zone and could produce false signals.
Therefore:
đą Above $2.30 with a 1H close â watch for a Long
đŽ Below $2.00 with a 1H close â watch for a Short
âł Between $2.00 and $2.30 â waiting is safer than chasing the move.
Since this is MOVR Perpetual, if you use leverage, keep it very low and use a small position size. The stop-loss is relatively close, and the market can make quick wicks.
$MOVR
I would not enter directly at $2.20. I would wait for confirmation of the breakout.
Entry: After a 1H candle closes above $2.30
SL: $2.15
TP1: $2.48
TP2: $2.56
TP3: $2.75 if the momentum continues
Idea: A breakout above $2.30 followed by holding that level could give the price a chance to move toward the MA25 area around $2.56.
đŽ Short Scenario
I would wait for a support breakdown rather than shorting in the middle of the current range.
Entry: After a 1H candle closes below $1.99â$2.00
SL: $2.10
TP1: $1.90
TP2: $1.84 â close to the MA99
TP3: $1.70 if the downtrend continues
â ïž Most Important Point
The $2.00â$2.30 range is currently a middle zone and could produce false signals.
Therefore:
đą Above $2.30 with a 1H close â watch for a Long
đŽ Below $2.00 with a 1H close â watch for a Short
âł Between $2.00 and $2.30 â waiting is safer than chasing the move.
Since this is MOVR Perpetual, if you use leverage, keep it very low and use a small position size. The stop-loss is relatively close, and the market can make quick wicks.
$MOVR