$MOVR Update: Parabolic Run or Time to Cool Down?
($MOVR) is currently showing massive bullish strength on the 1H chart, trading at 1.124 with a solid +10.96% gain. The SuperTrend (10,3) is firmly green with support rising to 1.060, while the RSI(6) has surged to 88.92, indicating that the asset is deep in overbought territory and may need to consolidate soon.
🎯 Trade Setup
EP (Entry): 1.080 – 1.115
TP (Targets)
TP1: 1.150
TP2: 1.185
TP3: 1.220
SL (Stop Loss): 1.035
The price is currently testing liquidity near the 24h high of 1.129, following a strong recovery from the 0.976 support level. As long as ($MOVR) holds above the SuperTrend floor at 1.060, the bullish structure remains intact for a continuation towards the next major resistance zones.
Do you think ($MOVR) can flip 1.15 into support tonight, or are we heading for a retest of the 1.06 level?
Watching this level closely.
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