The $MOVR /USDT 15-minute chart currently shows a price of 11.533, with a notable 20.59% increase for the day, highlighting strong upward momentum.
Key resistance to watch is positioned at 12.450, while the support level rests at 11.270, indicating crucial points for potential reversals or breakouts.
An ideal entry for a trade could be at approximately 11.550, aligning with current price action for a potential long position. For profit-taking, setting targets at 11.850, 12.100, and 12.450 provides a structured approach to capitalizing on upward movement.
To protect against potential downside, a stop loss at 11.200 is recommended. It's essential to observe indicators like the MACD and RSI for signs of momentum changes and to adjust your trading strategy accordingly to align with market conditions.