#CryptoFamily listen to me carefully…
$MOVR is showing exhaustion after a sharp push up and this looks ready for a pullback move...📉🔥
Entry Range: 2.55 – 2.58
Stop Loss: 2.62
Targets:
TP1: 2.50
TP2: 2.46
TP3: 2.40
After a strong impulsive move, price pushed into resistance and printed a rejection near the highs. That vertical move without proper consolidation usually leads to a cooldown phase. We already have a clean breakout earlier and now price is extended far from the base, which increases the probability of a retracement.
The zone around 2.55–2.58 is acting as a short-term supply area. If price fails to hold above this region, sellers will likely step in and drag it back toward previous support levels. The blue horizontal level below marks a key support which aligns with our targets.
Patience is important here, don’t chase the move. Let price stay weak in this zone before entering.
Invalidation: If price breaks and holds above 2.62, this bearish setup is no longer valid and structure shifts bullish.
$MOVR is showing exhaustion after a sharp push up and this looks ready for a pullback move...📉🔥
Entry Range: 2.55 – 2.58
Stop Loss: 2.62
Targets:
TP1: 2.50
TP2: 2.46
TP3: 2.40
After a strong impulsive move, price pushed into resistance and printed a rejection near the highs. That vertical move without proper consolidation usually leads to a cooldown phase. We already have a clean breakout earlier and now price is extended far from the base, which increases the probability of a retracement.
The zone around 2.55–2.58 is acting as a short-term supply area. If price fails to hold above this region, sellers will likely step in and drag it back toward previous support levels. The blue horizontal level below marks a key support which aligns with our targets.
Patience is important here, don’t chase the move. Let price stay weak in this zone before entering.
Invalidation: If price breaks and holds above 2.62, this bearish setup is no longer valid and structure shifts bullish.