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【$MOVR Signal】Bearish momentum exhaustion, negative funding rate ambush rebound
$MOVR 1H level continuous decline, buying depth of 1.08 shows active support orders below, but price failed to stabilize above 2.3. 4H Bollinger lower band at 1.1974, current price 2.234 still has room to the midline at 2.02, funding rate at -0.2647% is extremely negative, bears need to pay high costs to hold positions, a rebound is imminent.
🎯Direction: Long
⚡Entry/Order: Place order at 2.143, waiting for price to touch support
🛑Stop loss: 1.955
🚀Target 1: 2.517
🚀Target 2: 2.704
🛡️Trade management:
- Execution strategy: Reduce 50% of position after reaching Target 1, and move stop loss up to 2.143 to break even. If price drops below 2.0, manually exit.
Depth logic: 4H MACD histogram contracting, bullish momentum weakens but bears are not dominant; 1H RSI at 43.83 not oversold, but multiple tests around 2.2 without effective breakdown, combined with extreme negative funding rate, making the capital game highly cost-effective.
Check real-time market 👇 $MOVR
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