$MOVR/USDT BEARISH REVERSAL NEAR LOCAL TOP — SHORT OPPORTUNITY AHEAD!

$MOVR surged to a session high of $6.212 following the Moonbeam funding news but is now showing signs of rejection. A strong wick at the top and minor pullback to $6.161 suggests exhaustion. If price fails to reclaim the $6.20+ level on the next push, sellers may take control.

Trade Setup (SHORT):

Entry Price: $6.12 – $6.20

Target 1: $6.00

Target 2: $5.86

Stop Loss: $6.26

Why Short?

A clear upward spike followed by a sharp rejection candle indicates possible trap buying at local highs. Volume divergence and failure to hold above resistance level ($6.20) strengthens the short bias. Confirmation will be a lower high or break below $6.08.

Risk Management Tip:

Keep SL tight above recent wick at $6.26. If price breaks and holds above $6.25, the short setup becomes invalid. Scale out partial profits at each target zone.

Sell smart — don’t chase green candles when the trend is turning red!

Buy and Trade here on $MOVR