$MOVR – Bearish retest in progress under $6.00!!!
Trading at $5.886 after a sharp decline of -9.59% from the highest of $6.525.
The hourly candle shows a failed recovery attempt near $6.00, forming a clear lower high and indicating the continuation of the bearish trend.
Unless the price regains $6.20 with strong volume, momentum remains in favor of sellers.
A clean setup for trend traders following the bearish trend.
Short trade setup: $MOVR
• Entry: 5.88 – 6.00
• Take Profit 1: 5.65
• Take Profit 2: 5.40
• Stop Loss: 6.18
Buy and trade here – Bearish retest in progress under $6.00!!!
Trading at $5.886 after a sharp decline of -9.59% from the highest of $6.525.
The hourly candle shows a failed recovery attempt near $6.00, forming a clear lower high and indicating the continuation of the bearish trend.
Unless the price regains $6.20 with strong volume, momentum remains in favor of sellers.
A clean setup for trend traders following the bearish trend.
Short trade setup:
• Entry: 5.88 – 6.00
• Take Profit 1: 5.65
• Take Profit 2: 5.40
• Stop Loss: 6.18
Buy and trade here $MOVR
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