$MOVR has already squeezed the shorts once… now I’m wondering if the market is about to flip the script.
This thing just went through a massive run, and shorts have already been forced to close at painful prices.
But look where price is sitting now.
Right at an important resistance area.
That’s where the game can change.
The people who were short got squeezed on the way up. Now everyone who watched the pump may start jumping in late, thinking the move has no reason to stop.
That’s exactly the kind of positioning I don’t want to chase.
If $MOVR fails to break this resistance and starts turning down, those late buyers can become the next fuel for the dump.
So yeah… I’m taking the other side.
BIG SHORT $MOVR — 10x
TP: $1.2
SL: $1.9
First the shorts got kicked out.
Now let’s see if the late longs are next. 😂
This thing just went through a massive run, and shorts have already been forced to close at painful prices.
But look where price is sitting now.
Right at an important resistance area.
That’s where the game can change.
The people who were short got squeezed on the way up. Now everyone who watched the pump may start jumping in late, thinking the move has no reason to stop.
That’s exactly the kind of positioning I don’t want to chase.
If $MOVR fails to break this resistance and starts turning down, those late buyers can become the next fuel for the dump.
So yeah… I’m taking the other side.
BIG SHORT $MOVR — 10x
TP: $1.2
SL: $1.9
First the shorts got kicked out.
Now let’s see if the late longs are next. 😂
