$MOVR $MOVR

$MOVR /USDT Technical Analysis

Current Price: $9.39 (+13.42%)

Recent Price Range:

24h High: $9.434

24h Low: $8.279

Key Moving Averages:

MA(7): $8.808 (short-term support)

MA(25): $8.640 (medium-term support)

MA(99): $9.470 (resistance level)

Key Levels:

Immediate Resistance: $9.470 (MA(99), recent high zone and key resistance level)

Secondary Resistance: $9.434 (24-hour high, just below MA(99))

Immediate Support: $8.808 (MA(7), short-term support)

Secondary Support: $8.640 (MA(25), medium-term support)

Trade Setup for Short Position:

Short Entry Zone: Between $9.40 and $9.47, as price approaches key resistance levels (24h high and MA(99)).

Stop Loss: $9.60, just above the key resistance zone to account for possible volatility.

Take Profit Targets:

Target 1: $8.808 (MA(7), short-term support level)

Target 2: $8.640 (MA(25), medium-term support level)

Summary:

For a short position:

Entry Zone: Around $9.40 to $9.47, as the price hits resistance levels.

Stop Loss: Set just above $9.60.

Take Profit Targets: First target around $8.808, followed by $8.640 for further confirmation of support.

This strategy leverages the resistance at the 24-hour high and MA(99) to enter a short, with well-defined exit points at key support levels.

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