$MOVR just gave back a huge part of its rally.
It went above $3.30...
Now it's around $2.18.
What happened?
The Base migration created massive hype and momentum.
Then came the other side of the trade:
💸 Profit-taking
📥 CEX inflows
📉 Momentum breakdown
⚡ Leverage getting flushed
Now I'm watching two levels:
🟢 $2.04–$2.10
🔴 $2.30–$2.35
If buyers defend support and reclaim resistance, the chart could start looking healthier.
If support breaks, I'd rather wait than catch a falling knife.
Anyone else watching MOVR? 👀
#MOVR #Moonriver #BinanceSquare #Crypto #HarshMarketDiary
It went above $3.30...
Now it's around $2.18.
What happened?
The Base migration created massive hype and momentum.
Then came the other side of the trade:
💸 Profit-taking
📥 CEX inflows
📉 Momentum breakdown
⚡ Leverage getting flushed
Now I'm watching two levels:
🟢 $2.04–$2.10
🔴 $2.30–$2.35
If buyers defend support and reclaim resistance, the chart could start looking healthier.
If support breaks, I'd rather wait than catch a falling knife.
Anyone else watching MOVR? 👀
#MOVR #Moonriver #BinanceSquare #Crypto #HarshMarketDiary