$MOVR
/USDT Technical Analysis and Trade Signal🚀🎯
1. Technical Overview:
Trend: Strong Bullish Momentum
Price is trading above the Bollinger Bands' upper band ($14.213), signaling potential overbought conditions but also strong momentum.
SAR level ($13.068) confirms the bullish trend as the price is well above it.
24h High at $15.586 is a key resistance.
Volume: High trading activity ($11.61M in 24h) supports the upward momentum.
2. Trade Signal:
Type: Long (Buy)
Entry Zone: Between $14.80 and $15.10 (on minor pullbacks)
Target Levels 🎯:
Target 1 (T1): $15.50 (near the 24h high, for short-term traders)
Target 2 (T2): $16.20 (next psychological resistance and Fibonacci extension level)
Target 3 (T3): $17.00 (significant breakout level if momentum persists)
Stop Loss: $13.95 (below SAR and the Bollinger upper band for risk management)
3. Trade Momentum Analysis:
Short-term Momentum: Strong; price is accelerating with volume confirming the move.
Potential Pullback Zone: $14.20–$14.50, near the Bollinger upper band, where buyers may re-enter.
Breakout Potential: If $15.50 is breached, expect a quick move to $16.20.
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