$MOVR
/USDT – SHORT SETUP (Rejection from Resistance Zone)
MOVR is currently showing signs of weakness after pushing near the intraday high zone (2.630). Despite a +13.49% daily move, price action is struggling to sustain above the upper resistance band and is now hovering around 2.549, indicating potential rejection and early distribution.
The structure suggests price is losing momentum near resistance, while broader Supertrend positioning indicates possible bearish pressure if the current zone fails to hold. This creates a favorable short opportunity on relief bounces.
📌 Entry Points:
Entry 1 (Primary): 2.550
Entry 2 (Pullback Sell Zone): 2.585
🛑 Stop Loss:
2.680 (above strong 24h high resistance and breakout invalidation)
🎯 Take Profit Targets:
TP1: 2.410 (first support reaction zone)
TP2: 2.310 (major structure support)
TP3: 2.235 (24h low liquidity zone / strong demand area)
📊 Trade Bias:
Bearish short-term correction expected unless price reclaims above 2.63 with strong volume. Selling pressure likely to increase on failed breakout attempts