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Looks Like MEW will Dump for Here?
MEWUSDT Perpetual Contract
Short
Looks Like MEW will Dump for Here?
By CryptoNiche
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Updated
Aug 4
1
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15
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Jul 23
I have been watching
MEWUSDT.P
since the weekend, and it seems it is about to dump and print some stablecoins for us.
There is a formation of exhaustion candles on the 4H time frame
MEW hit a new ATH in the last 72 hours, and we anticipate a strong pullback.
We can take advantage of the pullback by risking 2% of the account balance.
Use stop loss especially if your margin is not big enough.
Trade management is as important as risk management.
What are your thoughts about this analysis? Share them with me in the comment box.
If this analysis makes sense to you, support my idea and follow me now for more.
Jul 23
Trade active
Let us see how far we can go on this...
Jul 25
Note
SL was triggered, but I opened a short position again, and it was profitable.
Jul 25
Note
Waiting for the next opportunity.
Jul 30
Note
The dude hit 1st TP after SL. Lols
Aug 3
Note
On its way to 2nd TP
haha
Aug 4
Trade closed: target reached
TP2 Target achieved!
Candlestick Analysis
Multiple Time Frame Analysis
Support and Resistance
CryptoNiche
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