MOVR has already made the big move. Now the question is whether it can be built on it.
$MOVR is trading around $1.98 after an aggressive move from the $0.62 area. Price spiked to $3.34, pulled back sharply, and is now trying to stabilize above the daily Supertrend at $1.66.
That recovery is the part I’m watching.
My map:
Current: $1.98
Support: $1.65–$1.70
Key support: $1.80–$1.85
Resistance: $2.28–$2.40
Major resistance: $2.88–$3.00
Target 1: $2.40
Target 2: $2.90
Target 3: $3.34
The key level now is $2.28.
A clean reclaim would show that buyers are starting to absorb the supply left from the sharp rejection. If that happens, the $2.90–$3.00 region becomes the next area to watch.
I would not chase after a move this extended. The cleaner setup is price $1.65–$1.70 and gradually reclaims resistance.
MOVR has momentum. Now it needs structure.
#Write2Earn #movr
$MOVR is trading around $1.98 after an aggressive move from the $0.62 area. Price spiked to $3.34, pulled back sharply, and is now trying to stabilize above the daily Supertrend at $1.66.
That recovery is the part I’m watching.
My map:
Current: $1.98
Support: $1.65–$1.70
Key support: $1.80–$1.85
Resistance: $2.28–$2.40
Major resistance: $2.88–$3.00
Target 1: $2.40
Target 2: $2.90
Target 3: $3.34
The key level now is $2.28.
A clean reclaim would show that buyers are starting to absorb the supply left from the sharp rejection. If that happens, the $2.90–$3.00 region becomes the next area to watch.
I would not chase after a move this extended. The cleaner setup is price $1.65–$1.70 and gradually reclaims resistance.
MOVR has momentum. Now it needs structure.
#Write2Earn #movr
