MOVRUSDT trade ideas
Daily analysis on $MOVR- $MOVR current price is sitting on the daily support zone ($55-56$)
- Trend of RSI is on upward manner and also is approaching the trendline support zone
- For daily MACD, can see the daily histogram is getting smaller even though price is hovering around the same zone (Based on Jesse Livermore, this shows bearish trend is getting weaker)
Potential play that I will look into :
- Bought order @ $USD55 and make sell order at the $75-$77 region
- Sell order is inserted based on the confluence of Fibonacci extension (61.80%) and also the resistance zone
- SL set @ $51-$52 region (5% risk which is a must for all my trade)
- Risk : Reward ratio is 3:1
Disclaimer : For tutorial purposed only. Not a buy call.
MoonRiver MOVRA very strong project, parachain on Kusama.
Think of it as ETH 2.0.
Already has working dapps on itself and the price is highly interesting.
It's down 84% from ATH and is moving in a new wave upwards.
I missed my buy entry below 50$ but will scoop a bag around 80$ and buy more in case it goes lower.
Market Cap now 300 mln $.
Cheers
$MOVR:THE WAY WILL BE OPEN IF...HELLO MY FRIENDS AND THANK YOU SO MUCH FOR YOU SUPPORT
-It had stuck to this area for 9 days and moved in a sideways trend that tends to rise with most of its indicators. Today it is at the descending trend line.
If it succeeded in breaching, the way towards the 108 is open.