$MOVR / USDT ā Continuing its Ascent! š
$MOVR is currently trading at $6.180, marking a positive move of +1.00%. The 4-hour chart clearly illustrates a strong and sustained uptrend, characterized by consistent higher highs and higher lows. This indicates significant buying interest and upward momentum.
š Potential Long Trade Continuation:
* Current Price: $6.180
* Potential Entry: Consider adding to your long position or initiating one on minor pullbacks, looking for support around the $6.15 level.
* Initial Take Profit (TP): Target the 24-hour high of $6.415.
* Further Take Profit (TP2): Aim for the psychological resistance level of $6.50, and potentially higher if the trend remains strong.
* Stop Loss (SL): Place your stop loss below the most recent significant swing low, around $6.05, to protect your position.
š„ Outlook:
The robust bullish price action, supported by a healthy 24-hour volume of 213,242.80 $MOVR , suggests that the upward trend is likely to continue. Monitor volume for sustained momentum. However, be mindful of potential profit-taking and market volatility. Manage your risk effectively.
