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PhilosophersStone

MOVR support retested again

Moonriver / Tether (KUCOIN:MOVRUSDT)  
PhilosophersStone  
KUCOIN:MOVRUSDT   Moonriver / Tether
Support and Resistance Trend Lines Parallel Channel movr trade Descending Channel breakout retest LONG short
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supportandresistance trendline parallelchannel movr trade descendingchannel breakout retest long short
MOVR bounced up from previous support at 279usdt and gone above 309usdt. Wants to broke out from this big descending channel formed 10 days ago. SRSI on 1hr chart looks like wants to go down, already too high, so we could see some kind of pullback or retest of previous support levels or just slide down above resistance trendline until SRSI cools off. If BTC dumps even more and we lose support at 279usdt, we could take short trade because we could see a deeper dropdown. If you scalping could also take a trade if rejected from breakout level at 344usdt. Good luck traders
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