MIRUSDT trade ideas
MIR - Target Hit - Edge of Break outAmazing how fast altcoins hit their technical targets and sell off. You can see the W pattern on the 1 hour got hit in 1 wick. Now we are sitting on the top of an ascending wedge with a lot of buying momentum. Good chance we break upward here.
If we do break down expect a 2week - 2 month bear market.
$MIR Looking to Break Out of Bull FlagI can't imagine there are many people talking about Mirror Protocol right now, but I personally think this is one of the best looking charts out there right now. Earlier this week, we had a breakout from the giant ascending triangle that has been forming since February 20th. We have since been consolidating in a bull flag and have even retested the top of the triangle. Also, the MACD on the 4h is starting to turn around to the bullish side. I took a position in this last night but am adding here in hopes of a breakout. I am targeting the $10 range but who knows where this can run since we are in price discovery.
MIR/USDT As a Hold This BullrunBTC conditions are a bit shaky right now, but I like this entry in MIR as a hold.
TA wise we can see a symmetrical triangle forming which is a continuation pattern, bullish divergence forming on both RSI and stoch RSI, and price consolidating relatively near the all time high during a time when most other altcoins have dropped 20-30% due to BTC.
FA wise MIR has quietly reached $1.5 billion TVL with no major shilling or hype. As a synthetic asset platform its only viable competitor is SNX which despite being well over a year old, only has one synthetic asset even available, a clunkier UI, and higher fees due to it being solely ERC-20 based. Meanwhile, MIR has all of the FAANG stocks available, multiple synthetic ETN's (USO, SPY, QQQ, SLV, IAU), and more likely to come. All in the span of 3 months.
Pools on the platform seem to be averaging 90-110% APR, and even more if you compound daily. Additionally, it's a significant part of the Terra ecosystem, which clearly has exploded in hype as LUNA significantly outperformed the market in the last month.
When TA and FA come together in the same coin during a bullrun, you buy.
As a trade, stoploss/invalidation would be a candle close within the orange box thus invalidating the bullish market structure.
MIR Swing Trade IdeaMIR ist looking for a breakout here. Strong bullish chart. $10 can trade really quick.
Use buy stop to get in the trade. It keeps you out of the trade if the markets moves lower.
You can buy MIR on KuCoin exchange. Here is the link --> www.kucoin.com
Taking A Look At Mirror ProtocolAs soon as Mirror Protocol was leaked to be one of Teeka's picks for 2021, price action started to print bearish momentum for more accumulation for its own bulls within a fallind wedge. It may break anytime so its worth setting your alerts on TradingView and do not miss a move.
MIR MOON MISSIONMIR is ready for takeoff unless Bitcoin ruins the party.
We all know the correlation with LUNA will send this thing flying.
No financial advice!
MIRUSD - BULL/BEAR TARGETS - $7.35/$2.45 - MEASURED MOVESome simple TA, test the recent high and if successful we break over and retest before going up all the way to $7.35 and beyond. If we don't get bids and just keep dumping then we fall below the wedge and can go 1 level down to $2.45ish area. The SQZ MOM indicator should get some positive momo soon and go green to propel us up, but you never know.
This is for my personal trading, please trade at your own risk.
Mirror Proto 2.8.21Great setup. Looking to round off and now forming an upward march. i love these set ups. This is an incredible project. 7 and 10 dollars is the target
MIR/USDT KucoinMirror Protocol is a new project built on Lunar blockchain. It's only on Kucoin CEX and other DEX.
Looking forward to how well it will do in the future. I knew about the project at $1.034 but i bought at $2.419.
This coin will do magic one it starts getting attention and its listed on bigger CEX exchanges
