$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:
๐ธ Profit-taking
๐ฅ CEX inflows
๐ Momentum breakdown
โก Leverage getting flushed
Now I'm watching two levels:
๐ข $2.04โ$2.10
๐ด $2.30โ$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? ๐
#MOVR #Moonriver #BinanceSquare #Crypto #HarshMarketDiary