The $MOVR dump looks more like exhaustion than a breakdown. 🔥
That matters.
Down 11.18% in 24h, but $2.19M volume is only 0.1x its 20d average, while 4h RSI sits at 35 and shorts are paying funding at -0.012%. Ugly price action, not convincing seller follow-through.
Still, it’s 63% below the 30d high. $ETH strength won’t magically fix that.
At $1.25, I’d wait for a reclaim before getting aggressive. No hero calls. 👀
Is this capitulation or dead money? What am I missing? 🤔
#MOVR #Altcoin #Trading
That matters.
Down 11.18% in 24h, but $2.19M volume is only 0.1x its 20d average, while 4h RSI sits at 35 and shorts are paying funding at -0.012%. Ugly price action, not convincing seller follow-through.
Still, it’s 63% below the 30d high. $ETH strength won’t magically fix that.
At $1.25, I’d wait for a reclaim before getting aggressive. No hero calls. 👀
Is this capitulation or dead money? What am I missing? 🤔
#MOVR #Altcoin #Trading