$MOVR at Key Support — Smart Accumulation or Distribution Trap?
Long $MOVR
• Entry: 2.30 – 2.36
• Stop Loss: 2.18 – 2.20
Targets:
• TP1: 2.55
• TP2: 2.75
• TP3: 2.95 – 3.00
MOVR is showing a potential higher-low structure after a strong impulsive rally followed by a healthy correction. Price is currently stabilizing around the 2.30–2.35 support zone, which previously acted as resistance and is now being defended by buyers.
Recent candles show reducing selling pressure and early bullish reaction, suggesting accumulation may be forming at this level. As long as price holds above the 2.20 support, the bullish structure remains intact.
A clean reclaim above 2.40 could trigger momentum continuation toward higher resistance levels and retest of the 3.00 zone.
Manage risk carefully and scale out at targets.
Trade $MOVR here 👇🏻
