I’m watching $MOVR after a clean pullback into support. Price tapped the lower range near 2.74 and is showing signs of slowing selling pressure. This looks like a spot or short-term bounce setup for me.
Trade Setup
Entry Zone: 2.72 – 2.75
Target 1: 2.82
Target 2: 2.90
Stop Loss: 2.66
Why this setup works
I’m entering near a strong intraday support where price previously reacted. The sell-off is extended and volume is cooling, which often leads to a relief bounce. Risk is clearly defined below support, while upside targets align with prior resistance levels. Risk to reward stays favorable if the bounce plays out.
I’m keeping it simple and disciplined.
MOVR
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