📊 MOVR down 11% to $0.803 — the daily chart is brutal with price sitting below both SMA25 ($0.873) and SMA99 ($1.229). This coin has been in a downtrend for weeks.
But here's the contrarian signal: 4H RSI at 47.1 is dead neutral. After an 11% drop, neutral RSI often precedes a technical bounce. Volume declining (0.75x average) on the sell-off suggests we might be nearing short-term exhaustion.
💡 Contrarian Bounce Play:
→ Entry: $0.75 – $0.82 (support zone)
→ Stop Loss: $0.68 (below psychological $0.70)
→ TP1: $0.88 | TP2: $0.95
→ Risk: ~10% | Reward: ~10-18%
⚠️ This is NOT a trend trade — it's a counter-trend bounce play. Size small and take profits quickly. The daily trend is still firmly bearish until MOVR reclaims $0.87+ (SMA25). Only play this if you're comfortable with higher-risk setups.
🎯 Dead cat bounce or early reversal? Would you touch MOVR here? 👇
#MOVR #Moonriver #DYOR
⚠️ Not financial advice. Counter-trend trades carry elevated risk. Always DYOR and manage risk.
But here's the contrarian signal: 4H RSI at 47.1 is dead neutral. After an 11% drop, neutral RSI often precedes a technical bounce. Volume declining (0.75x average) on the sell-off suggests we might be nearing short-term exhaustion.
💡 Contrarian Bounce Play:
→ Entry: $0.75 – $0.82 (support zone)
→ Stop Loss: $0.68 (below psychological $0.70)
→ TP1: $0.88 | TP2: $0.95
→ Risk: ~10% | Reward: ~10-18%
⚠️ This is NOT a trend trade — it's a counter-trend bounce play. Size small and take profits quickly. The daily trend is still firmly bearish until MOVR reclaims $0.87+ (SMA25). Only play this if you're comfortable with higher-risk setups.
🎯 Dead cat bounce or early reversal? Would you touch MOVR here? 👇
#MOVR #Moonriver #DYOR
⚠️ Not financial advice. Counter-trend trades carry elevated risk. Always DYOR and manage risk.