MYROUSDT trade ideas
Myro potential bull flagMyro looks to be forming a bull flag on the daily, this upside projection is around 60 cents, but memes are very hard to perform TA on.
-I still plan on locking in profits around 45 cents unless this thing moons
-I will not completely exit my position, if myro becomes the de facto meme on solana it could reach tens of billions of dollars for market cap
Capitalizing on MYRO: Strategic Long Opportunity in MyroMEXC:MYROUSDT is showcasing a compelling setup for a potential long position. The technical indicators on the 4-hour chart signal a consolidation period post a significant uptrend, marked by the price holding firmly above key moving averages and an established ascending trendline. While the inherent volatility of meme tokens commands a cautious approach, the current chart patterns aligned with prudent risk management suggest a favorable entry point for traders looking to leverage Myro's current momentum. As always, such trades should be balanced with a well-considered strategy, especially given the often unpredictable nature of meme-based digital assets.
Here is my Setup arguments and why am i entering a long position here and targeting only 200% and exit without taking any more risk or greed:
Breakout Above Resistance: Which may now serve as support, offering a good risk-to-reward ratio for entry.
Ascending Trendline Support: The ascending Magenta Trendline that served before as a strong support that was respected in the logarithmic scale of the chatrt which indicates an overall bulllish momentum.
Bullish Price Pattern: The consolidation pattern resembles a bull flag, which often precedes continuation of the uptrend which actually happened to be broke upwards and retested.
Price Above EMAs: Suggesting a continued bullish trend.
And also not to forget the overall sentiment in the meme market right now especially in Solana. So these are all enough reasons for me to open a long trade here with only 200% TPR as mentioned.
It is essential to consider risk management strategies such as setting a stop loss below the last swing low, and to size the position appropriately for your portfolio. Additionally, external factors such as market news, fundamental analysis, and overall market sentiment should be considered before entering a trade.
Peace out
Some thoughts about MYROMYRO is for sure in a good uptrend, and actually i can't see nothing that would make me think about a drop. But i expect the price to touch the main trendline i drawed. Here we have two possibility:
Retest it again and next resume the pump
Break it down, retest it and drop
If the price will drop, it will be awesome to see MYRO to trade again in the 0.055/0.08 zone. I don't know if we will ever be there again, but it would be an awesome entry point.
MYRO god candlePatience is key in these markets, I have held myro through all of this volatility, I did take the profits I mentioned at the previous target and I expect 45 cents soon to be honest. People try to hard to trade in and out, sometimes the best option is to just spread your bets, size your positions based on risk and sit back.
-I never add huge positions of memes
-even .5% of my portfolio in a meme winner can make a huge difference in my portfolio
-I always roll profits into the native layer-1 that the token is being held on, for myro I profit take into sol
MYRO Bearish Crab Looks like Myro is in a bullish carb pattern hitting the C point now / X A B C and D are all at points of resistance making D .18 in the next couple of days before going back down / nice short trade for a possible 3X trade / stop loss below .055 ... some quick profits to be made with a very low stop loss
MYRO // Bullish Momentum on 30m Timeframe // Possible LONGMy analysis of MYROUSDT on the 30-minute timeframe suggests a potential long opportunity. Here are my take-profit targets:
Target 1: 0.1556
Target 2: 0.1566
Supporting Indicators
Mixed Signals: While some indicators are neutral, several lean towards a bullish outlook.
Relative Strength Index (RSI): Neutral (58.86443)
Stochastic %K: Neutral (73.96061)
Commodity Channel Index (CCI): Neutral (93.75800)
Average Directional Index (ADX): Moderate trend strength (38.06318)
Awesome Oscillator: Bullish (0.01181)
Momentum (10): Weak Sell (0.01002)
MACD: Buy (0.00616)
Stochastic RSI: Neutral (64.97253)
Williams %R: Neutral zone (-31.25977)
Bull Bear Power: Bullish (0.00861)
Ultimate Oscillator: Bullish (57.33379)
Moving Averages: Majority of Exponential and Simple Moving Averages give 'Buy' signals.
Myro strong reversal on memecoin hypeMyro: after taking my initials out into CRYPTOCAP:SOL , I let the rest of my bag cook. Patience is a virtue here and these tokens are VERY hard to trade in and out of, which is why I simply don't do it. I cannot tell you how many people lose out on easy gains, or get liquidated using leverage on this nonsense.
-I plan on holding the rest of my bag deep into this crypto bullrun, a second wave looks to be shaping up here, 1Billion market cap is definitely possbible.
myro long setup hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.