【$MOVR Signal】Pullback to go long / Volume and price divergence after secondary surge

$MOVR 1H level rally and pullback, the price quickly retraced from 1.363 to around 1.27. The 4-hour Bollinger Bands have broken out of the upper band, indicating a short-term overextension that requires technical correction. The 1-hour MACD red histogram is beginning to shorten, but the fast and slow lines are still above zero, so the bullish structure has not been completely broken. The order book shows heavy buy orders in the 1.26-1.27 range, indicating clear support from funds. The negative funding rate suggests a risk of short squeeze.

🎯Direction: Pullback to go long

⚡Entry/Orders: Layered entries in the 1.155 - 1.185 range

🛑Stop loss: Below 1.124

🚀Target 1: 1.426

🚀Target 2: 1.547

🛡️Trading management:
- Execution strategy: After the price hits the first target, reduce half of the position, and move the stop loss on the remaining position up to the entry price. If the price cannot hold above 1.185 and falls below again, abandon this setup.

Over the past 4 hours, trading volume has increased nearly 10 times, but the price has not stabilized at the high point, indicating intense turnover at high levels. Open interest remains stable, with no signs of large-scale long liquidation, suggesting a healthy correction after profit-taking. The 1-hour RSI has fallen from overbought territory to neutral, providing room for another upward move. The 1.155-1.185 zone below is a previous breakout area with high trading volume, and also near the 1-hour EMA50, providing double support. The risk-reward ratio exceeds 1:4, making this setup quite favorable.

Check real-time market 👇 $MOVR
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