It looks like we have a big diametric on the daily time that we are now at the end of wave E.
As you know, MEW is a highly volatile symbol and it can easily reverse the bullish wave it created, so control the risk.
Get trigger and approval for your trades.
The best range to sell is the red range.
Closing a daily candle above the invalidation level will violate...
From where we put the green arrow on the chart, it looks like we have an ABC on the chart, which wave B was a triangle and now it is over.
We seem to be in wave C now.
On the chart, we have a demand range on which we are looking for buy/long positions.
The targets are marked on the chart
Closing a daily candle below the invalidation level will violate this...
From where we placed the green arrow on the chart, it looks like a new pattern has formed and we are now in wave C of this pattern.
We have a supply range which is a good resistance range. In this range, the price can be rejected downwards.
Closing a daily candle above the invalidation level will violate the analysis.
For risk management, please don't forget...
BOS formed i'll go short from the OTE Mention as it has to retest before heading down hopefully we get filled there if not then moving on to next one cheers!
This symbol is one of the symbols of the Solana network.
It looks like we have an ABC pattern on the chart.
Wave B looks like a triangle that has ended.
By fixing on the red box, it can move up to ATH.
A daily candle close below the red box will violate the move towards the ATH
For risk management, please don't forget stop loss and capital management
Comment...
It seems that a large pattern (triangle or diametric) is forming, and we are now in wave D of this pattern.
The D wave pattern can have several scenarios, but a supply and demand range can be determined for MEW.
In the demand range, we can look for buy/long positions
Closing a daily candle below the invalidation level will violate the analysis.
For risk...
