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【$MOVR Signal】Pullback to buy, main force clearly intends to defend the market
$MOVR 1H high-level consolidation, price repeatedly tests around 1.28. The upper band of the 4-hour Bollinger Bands at 1.2827 forms short-term resistance, but the MACD double lines remain above the zero line, indicating the bullish trend remains intact. On the 1-hour chart, buy orders are dense below 1.27, with the capital support clearly exposed.
🎯Direction: Long
⚡Entry/Order placement: Gradually accumulate in the 1.18 - 1.21 range
🛑Stop loss: 1.15
🚀Target 1: 1.48
🚀Target 2: 1.61
🛡️Trade management:
- Execution strategy: After reaching Target 1, reduce position by 50% and move the stop loss to break-even. If the price falls back into the entry zone, exit automatically to protect the principal.
Position size remains stable. After a rise of over 20% from the bottom, there has been no large-scale profit-taking, indicating clear signs of main force defending the market. The 1-hour RSI has fallen from the high to around 67, providing healthy correction space. Sell orders in the 1.28-1.30 area are sparse; once this zone is broken, a short squeeze scenario is highly likely. The current risk-reward ratio is close to 4:1, making the odds very attractive.
View real-time market 👇 $MOVR
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