đš $MOVR is getting interesting again.
The chart is starting to tell an interesting story.
$MOVR ripped from around $0.90 â $3.34, then suffered a brutal pullback toward $1.70.
Now price is back around $2.24 and starting to build higher again. đ
But the bigger signal is Open Interest.
đ OI is now around $17.6M
đ Up 34.54% over the last 24H
đ New positions are entering as price moves higher
Positioning is also fairly balanced:
đą 52% long
đŽ 48% short
Funding on Binance is slightly negative, meaning shorts are still active despite the recovery.
Thatâs where things get interesting.
After watching it run $0.93 â $3.34 and then collapse, plenty of traders may be expecting another dump.
But if price keeps climbing while OI continues expanding, those shorts could become fuel for another leg higher. đ„
Momentum + rising OI could make this move much bigger if the setup continues to develop.
The chart is starting to tell an interesting story.
$MOVR ripped from around $0.90 â $3.34, then suffered a brutal pullback toward $1.70.
Now price is back around $2.24 and starting to build higher again. đ
But the bigger signal is Open Interest.
đ OI is now around $17.6M
đ Up 34.54% over the last 24H
đ New positions are entering as price moves higher
Positioning is also fairly balanced:
đą 52% long
đŽ 48% short
Funding on Binance is slightly negative, meaning shorts are still active despite the recovery.
Thatâs where things get interesting.
After watching it run $0.93 â $3.34 and then collapse, plenty of traders may be expecting another dump.
But if price keeps climbing while OI continues expanding, those shorts could become fuel for another leg higher. đ„
Momentum + rising OI could make this move much bigger if the setup continues to develop.
