$MOVR USDT BEARISH BREAKDOWN INDICATES FURTHER DOWNSIDE POTENTIAL
$MOVR USDT has broken below a crucial support level near 5.60, confirming a bearish continuation pattern on the 4H chart. Price action shows consistent lower highs and a weak bounce from the recent low, indicating strong seller dominance. The breakdown suggests more downside is likely if the pair fails to reclaim the previous support zone.
SHORT ENTRY: 5.60 – 5.70
TARGETS:
TP1: 5.30
TP2: 5.05
TP3: 4.80
STOP LOSS: 5.85
Risk Management: Risk only 1–2% of your capital per trade. Stick to the stop loss and adjust position size to maintain proper risk-reward ratio. Avoid overleveraging and wait for volume confirmation.
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