MYRO - CRYPTO LONG 83%?The coin has been falling for a long time, accumulated at the bottom, and formed a descending wedge. There is a chance for a rebound, with a target of over 80%. However, be cautious, as we are taking the coin against the trend. If you decide to take it, use a small percentage of your deposit.
MYROUSDT trade ideas
MYRO analysisFrom where we put the red arrow on the chart, it looks like MYRO's correction has started.
The correction seems to be a diametric. We now seem to be in wave E of this diametric.
Wave E can end in the green range and the price moves towards supply for wave F.
Closing a daily candle below the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
MYRO Update — Big Move IncomingMYRO has entered an ascending triangle pattern after its latest (massive) drop. So, just as a refresher, between the end of July and the beginning of August, MYRO lost almost 60%.
Typically, an ascending triangle pattern is considered a bullish pattern. That means we should see a break to the upside at some point, followed by a sharp price increase.
If this happens, we could see the price again attacking 0.14-0.15.
So, again, watching the trend line is essential. Never enter too early and without confirmation!!
MYROUSDT LongIn the last couple of days, we have seeing an accumulation on the 0,07 establishing this area as support. Structure just got a breakout on the 1H timeframe earlier this week, with the buyers assuming this new as support and sellers giving a strong resistance on the 0,082. If buyers break this level, this coin has an huge potential for 0,98 as next target. Worth our look for sure with early investors wanting to start their positions for alt coins season.
Trade Setup: MYRO Long PositionMarket Context:
Meme coins are showing potential as bullish sentiment re-enters the crypto markets. MYRO is trading in a critical zone where bulls need to hold to maintain momentum. A shift in market structure could offer a clean entry for traders.
Trade Setup:
Entry: Around $0.091.
Take Profit:
First target: $0.13
Second target: $0.1789
Third target: $0.23
Stop Loss: Close below $0.071.
📊 This trade has potential for strong upside with careful risk management. Watch for signs of trend reversal. #MYRO #MemeCoins #CryptoTrading 🎯
#MYRO/USDT SPOT LONG ENTRY#MYRO/USDT SPOT LONG ENTRY
Leverage: 3x
Entries: $0.07788
Take profit 1: $0.08339
Take profit 2: $0.09671
Take profit 3: $0.12192
Stop Loss: $0.06818
NOTE: This is just my prediction. Be sure to use STOPLOSS and remember that I am not a financial adviser. your money, your risk!
BYBIT:MYROUSDT
Thanks
The sroced.
MYRO UpdateEarlier we got good swings from MYRO and now we have prepared a new update for MYRO.
The downward corrective waves are expected to continue
A supply range is formed on the chart, and we expect price rejection from this range to the bottom.
The targets are clear on the chart, when we reach TP 1, save some profit and change your stop to entry.
Closing a daily candle above the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Myro updateThis was my original Idea and what I thought was going to happen with $MYRO. It ended up dumping bad, meme coins saw a pullback and not surprising considering I bought this at 400K MC. I took partial profits up top and held some all the way down. I bought more again yesterday at around 7 cents. Regardless of the dump $MYRO community won't be denied. Twitter has over 50k followers and it is only a few months old. Anytime I post about $MYRO the engagement is insane. Would not be surprised to see it cross ATH again soon. I am loaded and ready. A lot of people shy away from these plays but meme coins have changed my life in the past few months. The right ones can be lucrative if played correctly starting small with a risk management strategy. The difficulty is in the volatility and picking the right ones.
MYRO — How To Approach A 65% Profit TargetMYRO has recently entered my "worth-to-watch" trading list. This post will explain why and how I plan to approach the trade.
MYRO has delivered a strong performance over the last few days/weeks. However, as expected, the latest uptrend was rejected by the major resistance between 0.16 and 0.17. As a result, MYRO dipped ~20%.
On the bright side, MYRO printed a bullish crossover (1) just a few days ago, which can indicate an uptrend. The Tenkan line (green) served perfectly as support (2) and led to a bullish engulfing candle today.
Here's what needs to happen before I will enter a trade.
The resistance area between .16 and .17 serves as my stop sign. I want to enter a trade as long as the price has moved above and is confirmed on the daily chart. Preferably, the price closes in the cloud.
If this happens, I will consider initiating a long trade. The upper line of the cloud serves as a first profit target since MYRO will certainly encounter some resistance there. The final profit target is located at 0.28.
MYRO — Conquering $0.17 Could Lead To A 65% RunMYRO is currently battling its major resistance area between 0.16 and 0.17, which was already a big hurdle during April and June.
Therefore, it is doubtful whether MYRO will smash the resistance on the first attempt.
If it happens and MYRO can confirm it on a higher timeframe like the 1D chart, there should be room to run. The next stronger resistance lies at ~0.28, resulting in a profit potential of 65%.
The technical indicators second MYRO's bullish potential: MACD and short-term moving averages are bullish. On the other hand, most momentum indicators are still in the neutral zone.
How to proceed?
As mentioned, it is important to monitor the resistance at 0.17. It's definitely not a good idea to enter a trade before the resistance falls, AND this is confirmed on the daily chart.
If this happens and the overall market remains in its bullish momentum (which is likely), we can take a closer look at a potential trade setup with a target of 0.28.
Meme Crypto Coin: MYRO Possible target $2 (+1400%)Meme coin Myro
Warning: This is a risky trade, be carful!
My reading is:
1- Primary: it could be started the 3rd/ or C of Elliott wave
2- Seems it finished the wave 2 (correction), reversal candle
Forecasting:
Conservatively: it may go to the upper bound of the channel $2(+1400%)
Unconservative: I will update when it break the upper channel
The information is not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendation.
myroHello traders hope you are enjoying our Analysis.
Now we are here again with a new trading opportunity ,we will discuss today about myroUSDT
smart money concept analysis: Don't get caught in whale traps. What do you think of this idea? What is your opinion? Share it in the comments📄🖌 If you like the idea, please give it a like. This is the best "Thank you!" for the author
MYRO looks bearishFrom where we put the red arrow on the chart, it looks like MYRO's bullish diametric is over and the BNX correction has started.
It looks like a correction of an ABC or more complex pattern as we are now in the middle of wave B
It can move down from the red box.
The targets are clear on the chart
Closing a daily candle above the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
myroHello traders hope you are enjoying our Analysis.
Now we are here again with a new trading opportunity ,we will discuss today aboutTONUSDT
smart money concept analysis: Don't get caught in whale traps. What do you think of this idea? What is your opinion? Share it in the comments📄🖌 If you like the idea, please give it a like. This is the best "Thank you!" for the author
MYRO D head and shoulders after a nice move. I don´t like shorting at the neckline break, its just too late for any size and risk is far away. but with small size you can and risk off of the right shoulder just to practice.
then the next long trade on it is 4h OS for a Weekly Higher Low.
set your alarms,
enjoy