🔻 SHORT #MOVRUSDT SHORT #MOVRUSDT from $25.405
30m TF. The instrument has formed a local support level with several confirmatory touches, which may indicate a cluster of stops of long participants behind them. The coin also breaks through the levels well on history and is currently moving in a downtrend, showing the presence of limit sellers with decreasing volumes.
I am considering consolidation near the level and impulse movement on the execution of stops.
MOVRUSDT trade ideas
MOVRUSDT Bullish biasMOVRUSDT has had a nice rebound of the 200EMA which leaded to a breakout of the blue trend line you can see in the chart. Right now we are in an ascending-triangle. Here we can find good buy opportunities if we search for liquidity zones. Trade with care.
My personal TP is at 55.5.
$MOVR Swing Long to Range Highs and $36I've entered a lot that I am currently monitoring, I think we may get one more dip into green before pushing up.
Some key criteria:
- Price has reclaimed the range eq(s) and needs to continue to hold on a retest over the coming 24 hours
- Hold the ascending trendline and put in a higher low
- Lose the range eq(s) and I'll get stopped, then it's likely down to test the 100ema
I think this is gearing up for a big leg, just a matter of time imo.
With this price action I will continue to long it even if I get stopped because unless anything drastically changes, this wants to run.
My opinion,
Vatsik
MOVR is breaking out! 1237% profit is possible?MOVR is extremely bullish; we have a bullish flag and a strong uptrend. We have 2 possible profit targets: the first is the 1:1 FIB extension, and the second is the 1.618 FIB extension. This coin is really hot when it comes to interest from retail traders. The ABC correction is complete, and I do not see any reason why we should go down from this point! A break of 30 USDT will lead to a massive pump to 111 USDT. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
As a decentralized smart contract platform, Moonriver requires a utility token to function. MOVR is central to the design of Moonriver and cannot be removed without sacrificing essential functionality. The Moonriver token uses include:
Supporting the gas metering of smart contract execution
Incentivizing collators and powering the mechanics around the creation of a decentralized node infrastructure on which the platform can run
Facilitating the on-chain governance mechanism, including proposing referenda, electing council members, voting, etc.
Paying for network transaction fees
Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
ETH Breakout Alert! 🚀📈 Analyzing Momentum for MOVR Cont.🚀 Unveiling Major Breakouts! 📈 In this exclusive video, we dissect the exciting world of cryptocurrency trading, focusing on the recent Ethereum (ETH) ascending triangle breakout and the compelling bull flag continuation pattern on MOVR.
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Movr is trading in a year-long falling wedgeMovr is trading in a year-long falling wedge. breakout from this wedge can drive the price up really quickly. Glmr the sister token of movr is already above its bull-support band.
a good time to start accumulating this coin or wait for a breakout & retest.
targets - 9.5 rang is the fib. golden pocket resistance area. The wedge breakout target would be around 12-14 area.
$MOVR Jumps 5% As Binance Launches MOVRUSTD Perpetual Contract
In the dynamic world of cryptocurrency trading, Binance Futures has introduced a groundbreaking product that has caught the attention of seasoned traders and newcomers alike. The USDⓈ-M MOVR Perpetual Contract, scheduled to go live on December 16, 2023, at 12:30 UTC, is poised to redefine the way we engage with the market.
This innovative trading instrument, denoted as MOVRUSTD, focuses on Moonriver ($MOVR) as the underlying asset, offering traders an unprecedented opportunity with its unique features and advantages.
1. Maximum Leverage for Diverse Strategies
One of the key highlights of the MOVRUSTD perpetual contract is the substantial maximum leverage it provides—up to 50x. This level of leverage caters to a wide range of trading strategies, empowering both conservative and aggressive traders to explore their preferred risk-reward profiles. Whether you're a seasoned professional or just starting, the MOVRUSTD contract on Binance Futures ensures flexibility and adaptability to your individual trading style.
2. Moonriver ($MOVR) as the Underlying Asset:
The choice of Moonriver as the underlying asset for the perpetual contract adds an extra layer of intrigue to this offering. Moonriver, with its unique properties and potential for growth, brings a new dimension to the trading experience. Traders looking for exposure to a promising project in the crypto space can find significant value in the MOVRUSTD perpetual contract.
3. USDT Settlement for Stability:
The settlement asset for the MOVRUSTD contract is USDT (Tether), a stablecoin pegged to the US Dollar. This choice enhances stability and mitigates the volatility often associated with cryptocurrency trading. With USDT as the settlement asset, traders can confidently navigate the market, knowing that their profits and losses are denominated in a stable currency.
4. Capped Funding Rate with Regular Settlements:
The MOVRUSTD perpetual contract introduces a capped funding rate of +2.00% / -2.00%, providing transparency and predictability in trading costs. Additionally, the unique feature of funding fee settlements occurring every four hours aligns the product with real-time market conditions. This ensures that traders can make informed decisions and respond promptly to changing dynamics in the market.
As the cryptocurrency market continues to evolve, the introduction of the MOVRUSTD perpetual contract on Binance Futures emerges as a compelling opportunity for traders seeking diversity, flexibility, and stability. With Moonriver as the underlying asset, a maximum leverage of 50x, USDT settlement, and a capped funding rate with regular settlements, this trading product is designed to meet the diverse needs of traders across the spectrum. Whether you're a risk-averse investor or a bold strategist, the MOVRUSTD perpetual contract opens up a new frontier in crypto trading, beckoning you to explore the limitless possibilities it offers.
Mock Up Price Action for MOVR | Mid Term (12HR)Mock Up Price Action for BINANCE:MOVRUSDT | Mid Term (12HR)
- Watching and waiting for opportunity to enter short
Personal Approach & Base Chart Setup
- Stacked Parallel Channels for Grid of Confluence Points
- High Time Frame (HTF) Fib Extensions, Retracements, & Time Cycles
- Red Filled Horizontal Rectangles between areas of major Fib level from Extensions and Retracements
- Price Label Callout with Red Circle highlighting points of interest where I'd consider making a trade
- I will consistently monitor and adjust taking into consideration long/mid/near term price action and market conditions/news
$MOVR Reached $44 on The Threshold of The 3rd Target & ReturnedHi guys
As we predicted yesterday, $MOVR went to the threshold of reaching the third target after passing through the resistance area of $30 - $33 and after hitting the resistance level of $45, it returned from $44.
If $MOVR can break through the $45 resistance, I expect it to easily reach the $64 level. But if it fails to cross $45 again, a return to the level of $30 - $33 is expected.
Anyway please do your own research & don't be greedy.
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Goodluck