$MOVR is facing hard rejection now
Short $MOVR
Entry: 2.75 – 2.95
SL: 3.50
TP1: 2.55
TP2: 2.35
TP3: 2.29
TP4: 2.00
Why:
$MOVR has made an explosive rally from the 0.93 area and pushed all the way to 3.0912 before facing repeated rejection near the highs. Price is now below MA(7) at 2.8228, showing short-term momentum cooling, while MA(25) remains much lower at 2.2896. Volume has stayed extremely elevated during the rally, and MACD is still positive but flattening. OI is also elevated, which could increase volatility if the rejection continues. If MOVR loses 2.55, the pullback could extend toward 2.35 → 2.29. A deeper correction could bring the 2.00 area into play.
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Short $MOVR
Entry: 2.75 – 2.95
SL: 3.50
TP1: 2.55
TP2: 2.35
TP3: 2.29
TP4: 2.00
Why:
$MOVR has made an explosive rally from the 0.93 area and pushed all the way to 3.0912 before facing repeated rejection near the highs. Price is now below MA(7) at 2.8228, showing short-term momentum cooling, while MA(25) remains much lower at 2.2896. Volume has stayed extremely elevated during the rally, and MACD is still positive but flattening. OI is also elevated, which could increase volatility if the rejection continues. If MOVR loses 2.55, the pullback could extend toward 2.35 → 2.29. A deeper correction could bring the 2.00 area into play.
📩DM ME ON X TO KNOW HOW TO JOIN MY PREMIUM FOR HIGHLY PROFITABLE TRADE SETUPS LIKE THIS
#Altcoin Season# #Macro Insights#
