$MOVR is trading around $2.89 after pulling back from the $2.962 intraday high. This area is important because price is now testing the $2.88–$2.90 region after a strong move higher.
The 1-minute chart shows short-term selling pressure after rejection near $2.96, but buyers are still holding the recent breakout structure above the $2.88 area. My focus is on whether buyers can defend this zone and stabilize price before another attempt higher.
A reclaim of $2.91 could strengthen the setup, while a clean move back above $2.94 would provide stronger confirmation toward the recent high. If $2.88 fails, the bullish structure would need to be reassessed.
Trade Setup:
Entry Zone: $2.885–$2.905
Take Profit 1: $2.940
Take Profit 2: $2.960
Stop Loss: $2.850
The key will be confirmation rather than chasing the move. With volatility elevated, patience and disciplined risk management are especially important.
The 1-minute chart shows short-term selling pressure after rejection near $2.96, but buyers are still holding the recent breakout structure above the $2.88 area. My focus is on whether buyers can defend this zone and stabilize price before another attempt higher.
A reclaim of $2.91 could strengthen the setup, while a clean move back above $2.94 would provide stronger confirmation toward the recent high. If $2.88 fails, the bullish structure would need to be reassessed.
Trade Setup:
Entry Zone: $2.885–$2.905
Take Profit 1: $2.940
Take Profit 2: $2.960
Stop Loss: $2.850
The key will be confirmation rather than chasing the move. With volatility elevated, patience and disciplined risk management are especially important.
