$MOVR Trade Idea 💡Long & Short Setup |
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MOVR/USDT 4H Chart Strategy:
Chart Analysis:
- The price has recently broken above key resistance levels at $9.976 and $10.09.
- There is a potential next resistance level at $11.624.
- The RSI is overbought, indicating a possible short-term correction or consolidation.
Strategy:
Bullish (Long) Setup:
- Entry: After a confirmation close above $11.00 or on a pullback to $9.976.
- Stop Loss: Below $9.50.
- Take Profit:
- TP1: $11.624.
- TP2: $12.50.
Bearish (Short) Setup:
- Entry: If the price fails to sustain above $11.00 and closes below $10.00.
- Stop Loss: Above $11.00.
- Take Profit:
- TP1: $9.50.
- TP2: $8.689.
Risk Management:
- Leverage: Up to 3x.
- Risk: Keep risk to 1-2% of capital with a 1:2 risk/reward ratio.
