$MOVR/USDT TECHNICAL ANALYSIS: SHORT TRADE SIGNAL
### **TRADE SETUP**
* **Entry Strategy:** Consider entries in the **2.494 – 2.772** range. The price has experienced a sharp rejection from the 24h high of **4.396** and is currently trading below the MA(7) and MA(25) on the 1H chart.
* **Take Profit (TP):**
* **TP 1:** 2.100 (Immediate psychological support)
* **TP 2:** 1.620 (Major support at MA99)
* **TP 3:** 1.213 (Long-term baseline support)
* **Stop Loss (SL):** 3.200 (Above the recent 1H consolidation and MA7 to mitigate risk of a relief rally).
### **SHORT OUTLOOK OF MARKET**
The $MOVR market is currently undergoing a massive correction after a parabolic spike to **4.396**. The "Pump and Dump" price action is evident as the asset has lost over **18%** today with high selling volume. While the price remains above the long-term MA99, the loss of short-term momentum and the break below the MA25 indicate that the bearish trend is dominant. A retest of the **1.620** support zone is highly likely if selling pressure persists.
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