$MOVR /USDT SHORT

MOVRUSDT

Perp

2.436

+0.74%

Entry: $2.320 – $2.350

SL: $2.420

TP: $2.200 — $2.050 — $1.900

Why this setup?

- Following a massive +224% speculative surge on April 17, MOVR's vertical momentum is fading. Price is now entering a distribution phase as buyers fail to sustain the rally.

- Persistent failure to reclaim and hold the $2.40 zone indicates short-term buyer exhaustion, setting the stage for a bearish continuation.

- As volatility tightens, the lack of fresh buy volume suggests price will likely slide toward the $2.00 psychological floor to hunt for deeper liquidity.

- SL at $2.42 is placed above the recent resistance cluster to cut losses if a secondary "short squeeze" or breakout occurs.