【$MOVR Signal】1H buying gap, distribution at high levels ongoing, short-term shorts targeted

$MOVR 1H RSI falls from the overbought zone back to 69, and the MACD histogram starts to contract. After the 4H Bollinger Band upper band is broken near 2.70, price quickly retraces; the buying depth drops from 1.16 to 0.49, indicating clear lack of support at higher levels. Selling pressure clusters around 2.87; the funding rate of -0.27% shows that long positions carry extremely high costs, but the price hasn’t continued to break upward, and the short-squeeze logic has failed.
🎯 Direction: Short
⚡ Entry: Short at the current price 2.878
🛑 Stop Loss: 1.879
🚀 Target 1: 2.333
🚀 Target 2: 2.484
🛡️ Trade management: After reaching Target 1, reduce the position by 50% and move the stop loss down to the entry price. If price rebounds and breaks above 2.90, consider exiting with a small loss to protect capital.
The risk-reward ratio here is average, but the 1H structure has already shown a divergence between volume and price, reducing the urge to chase longs; short-term short positions have some speculative value.
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