$MOVR – Short Setup After Spike Rejection 📉
ENTRY ZONE: $1.27 – $1.30
SL: $1.37
**TPs:** $1.22 / $1.17 / $1.12
Why:
· Price spiked to $1.389 but faced strong rejection, forming consecutive bearish candles with momentum shifting to sellers
· OKX delisting reduced volume by 24.5% to $5.99M, creating liquidity risks and amplifying selling pressure
· Daily technicals: 14-16 sell signals vs 0-2 buy — price below all major moving averages
· Key support at $1.15–$1.22; losing $1.22 opens $1.17–$1.12 next
· Invalidation above $1.37; reclaiming $1.39 could trigger squeeze toward $1.50 resistance
Risk: After liquidation events, range breakouts often come quickly — stay nimble.
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$MOVR