$MOVR just ran +40% in 24 hours, and the volume behind it was 3.15x the prior month's average.
a month ago this thing was down 18% over 30 days and trailing BTC by 44 points. the last 7 days flipped it: +25% and 15 points ahead of BTC. that's a character change, not one green candle.
the tape backs the long here. RSI sits at 55, so it isn't stretched yet. MACD histogram is positive, Bollinger %B at 0.71. the setup scores 7 out of 14, a real edge and not a monster one. i'm taking the long side anyway.
right now $MOVR trades around $0.959, after tagging $1.17 up top and $0.622 at the low in the same session. if it holds the $0.848 line, 11.9% below spot, i think it grinds back toward that $1.17 swing high. if it loses $0.848, i'm wrong on this and there's nothing to defend: you hand back the whole pop and you're sitting in a coin that's still red on the month.
holding $0.848 or losing it?
a month ago this thing was down 18% over 30 days and trailing BTC by 44 points. the last 7 days flipped it: +25% and 15 points ahead of BTC. that's a character change, not one green candle.
the tape backs the long here. RSI sits at 55, so it isn't stretched yet. MACD histogram is positive, Bollinger %B at 0.71. the setup scores 7 out of 14, a real edge and not a monster one. i'm taking the long side anyway.
right now $MOVR trades around $0.959, after tagging $1.17 up top and $0.622 at the low in the same session. if it holds the $0.848 line, 11.9% below spot, i think it grinds back toward that $1.17 swing high. if it loses $0.848, i'm wrong on this and there's nothing to defend: you hand back the whole pop and you're sitting in a coin that's still red on the month.
holding $0.848 or losing it?
