Long

MOVR (Y23.P4.E1) Looking for a long and short

Updated

Hi traders,

I was looking to land a good short at the top and the wicks took me out.
Now planning the next steps based on solid technical TA approach.

We plan and then we observe and execute if the signal is clean.

All the best,

S. SAri

Note

Many of you are wondering what next.
They way it played out, I'm not interested in the trade.,
It did not take out the nPOC first, then regain the VAH so no entry.
Also Now I would like to see an accumualation type of scenario, or structure before considering the next entry.
I tend to look for liquidity levels taken out and then regain key levels... my blue area or 618 tevel taken out and then regained would be nice. The look for a SFP or bullish candle

Note

Lets wait and observe. Like to see this happen

Note

damn...missed that

Trade closed: target reached

Did you take that short... love it.

Note

It seems some people want an update on my thoughts on MOVR.

Long term, Kusama and hence MOVR have potential and question is, when is it a good time to trade or hodl.
That is a tough question because BTC is approaching the 618 fib, which is roughly 48k and we just had a shake out by the whales who want to ensure they collect from weak hands as we are destined for a massive bull run.

On that bases, MOVR is good however is it better than DOT, or SOLANA etc. your decision.

This dip was the buying opportunity and right now, I still see BTC making target of 47k and above.

Note MOVR wick, on the 0.5 fib and the 200 4 hrly ema.
If can hold this level for the day, than its still in the relm of holding structure.
I was looking to short this to the level of liquidity but this one was far beyond and is bearish. Hence why we need to wait to see how the daily closes.

Note

Weekly level as support and confluence with the major moving averages.
Hence I see it ranging with a reaccumulation potential.

Note

If we lose the 0.5 on the daily, we then look for the 0.382 fib.
I see this as wave 1 to 2

ssari

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