$MOVR /USDT BEARISH TREND ANALYSIS 📉
Key Levels:
- Current Price: $13.076
- Resistance Levels: $13.300, $13.416
- Support Levels: $13.000, $12.900
Trade Setup:
- Short Entry: $13.050
- Take Profit (TP):
- TP1: $12.900
- TP2: $12.700
- Stop Loss (SL): $13.200
Risk Management:
- Risk/Reward Ratio: 1:2
- Position Size: Adjust to risk no more than 2% of your trading capital.
Trade Summary:
We are looking to short $MOVR/USDT due to the bearish trend indicated by the recent price action. The price has broken below the support level at $13.100 and is showing signs of further decline. The resistance levels at $13.300 and $13.416 are likely to hold, making this a good opportunity for a short trade. 📉💸
Happy trading and may the market be in your favor! 📉💸
Hope this helps! If you need any adjustments or have more requests, feel free to ask. 😊