$MOVR is in a strong DOWNTREND after falling from 3.340... 👀
Price is now around 1.808, with clear LOWER HIGHS and LOWER LOWS.
Look at this area... 1.772 is the nearest visible SUPPORT.
RSI is around 27, showing OVERSOLD conditions 📉
A bounce from 1.772 → first watch the 1.871 RESISTANCE.
PRICE NEEDS TO RECLAIM 1.871 for stronger recovery signs.
If 1.772 breaks ⇒ downside pressure could continue.
On the bullish side, a clean BREAKOUT above 1.871 could bring 2.401 into focus. 🎯
For now, watch the reaction around 1.772... losing it would invalidate the bounce idea.
Follow for more chart analysis 😎
Price is now around 1.808, with clear LOWER HIGHS and LOWER LOWS.
Look at this area... 1.772 is the nearest visible SUPPORT.
RSI is around 27, showing OVERSOLD conditions 📉
A bounce from 1.772 → first watch the 1.871 RESISTANCE.
PRICE NEEDS TO RECLAIM 1.871 for stronger recovery signs.
If 1.772 breaks ⇒ downside pressure could continue.
On the bullish side, a clean BREAKOUT above 1.871 could bring 2.401 into focus. 🎯
For now, watch the reaction around 1.772... losing it would invalidate the bounce idea.
Follow for more chart analysis 😎
