$MOVR – Rejection at Resistance, Momentum Fading.

Trading Plan: SHORT (Max 10x Leverage)

Entry Zone: 2.29 – 2.41

Stop Loss: 2.55

Take Profit Targets:

TP1: 2.15

TP2: 1.95

TP3: 1.75

After a strong upward push, $MOVR has entered a key resistance zone and is now showing clear signs of slowing momentum. The price action is no longer extending with strength, and each attempt to move higher is getting weaker.

This kind of behavior near local highs often points to buyer exhaustion. When momentum fades like this, it typically opens the door for sellers to step in, increasing the probability of a pullback.

MOVR

2.356

-0.63%

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