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$MOVR BEARISH TECHNICAL ANALYSIS – SELLERS TAKING CONTROL AFTER RECENT RALLY
$MOVR shows early bearish signs as price fails to hold above the 3.200–3.300 resistance zone. The formation of lower highs and intraday rejection wicks indicates weakening bullish momentum, while declining buying volume confirms that sellers are regaining control.
A breakdown below the current support level could trigger further downside, making this a valid bearish continuation setup.
Targets (TP):
• TP1: 3.100
• TP2: 3.000
• TP3: 2.900
Stop Loss (SL):
• Above 3.300 resistance or recent swing high
Risk Management:
Use proper position sizing, avoid over-leveraging, and always place SL before entering the trade.
#BearishSetup #MOVRAnalysis #CryptoTA