⚡ MOVR dropped -10.4% on 1.93x volume — when price falls on surge volume, you know something's up.
Moonriver is at $0.857, consolidating after a sharp pullback. The 4H RSI is neutral at 51, and the daily RSI at 47.4 is near the midpoint. Price is trading between SMA7 4H ($0.963) above and SMA25 4H ($0.813) below — right in the decision zone.
📊 Why This Trade?
Surge volume on a -10% drop could indicate capitulation (bullish) or the start of distribution (bearish). The neutral RSI and consolidation structure suggest the market is digesting the move. A counter-trend bounce to $0.89-$0.93 is the higher-probability play.
🎯 Trade Plan:
• Entry: $0.790 - $0.924 (buy near SMA25 4H support)
• Stop Loss: $0.682 (below ATR-based support)
• TP1: $0.891 (SMA7 recovery)
• TP2: $0.926 (extension)
• Wait for volume confirmation before entering
🤔 Capitulation or distribution? Are you buying this dip or staying on the sidelines? 🏖️
#MOVR #AltSeason #DYOR
⚠️ Disclaimer: Not financial advice. Do your own research. Trade only what you can afford to lose.
Moonriver is at $0.857, consolidating after a sharp pullback. The 4H RSI is neutral at 51, and the daily RSI at 47.4 is near the midpoint. Price is trading between SMA7 4H ($0.963) above and SMA25 4H ($0.813) below — right in the decision zone.
📊 Why This Trade?
Surge volume on a -10% drop could indicate capitulation (bullish) or the start of distribution (bearish). The neutral RSI and consolidation structure suggest the market is digesting the move. A counter-trend bounce to $0.89-$0.93 is the higher-probability play.
🎯 Trade Plan:
• Entry: $0.790 - $0.924 (buy near SMA25 4H support)
• Stop Loss: $0.682 (below ATR-based support)
• TP1: $0.891 (SMA7 recovery)
• TP2: $0.926 (extension)
• Wait for volume confirmation before entering
🤔 Capitulation or distribution? Are you buying this dip or staying on the sidelines? 🏖️
#MOVR #AltSeason #DYOR
⚠️ Disclaimer: Not financial advice. Do your own research. Trade only what you can afford to lose.