$MOVR is a good example of why I keep on-chain data beside the chart.
Setup big short $MOVR again, love me soon.
Stoploss : 2.3
Take profit : 1.7
$MOVR is starting to look increasingly bearish. đ
Millions of MOVR have moved across Binance hot/cold wallets, with additional large flows involving Bitget and KuCoin.
Price already surged from around $1 to $3.34 before pulling back toward $2. With whale activity, volume and volatility rising at the same time, selling pressure could be building fast.
On-chain flows donât guarantee a dump, but this is not a setup Iâd want to chase long.
If $2 breaks, another sharp move lower could follow. đ
Setup big short $MOVR again, love me soon.
Stoploss : 2.3
Take profit : 1.7
$MOVR is starting to look increasingly bearish. đ
Millions of MOVR have moved across Binance hot/cold wallets, with additional large flows involving Bitget and KuCoin.
Price already surged from around $1 to $3.34 before pulling back toward $2. With whale activity, volume and volatility rising at the same time, selling pressure could be building fast.
On-chain flows donât guarantee a dump, but this is not a setup Iâd want to chase long.
If $2 breaks, another sharp move lower could follow. đ