Long

Myro update - next target .30

Updated

Some slight adjustments to my previous post - Myro actually moved on a much faster timeframe than I anticipated and it's pivot points were slightly higher. Today we say a solid consolidation after hitting .16, and then a swift 20% drop across crypto that was quickly bought back - this shook out a lot of leverage on both sides and has primed Myro among other coins for the next leg up. We could see one more test of .11, but then the RSI and historical chart data seems to point towards a swift rise up - I'm guessing it will move relatively quick to .20, perhaps by the end of this week, with a quick profit taking bringing it to near .16, and then another quick climb to .30

I would anticipate a steep correction once .30 is reached, probably to .21, but once Myro clears and holds .30 we should see some parabolic moves if this "meme coin super cycle" does materialize and we see more liquidity flowing into the space.

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Looking great and right on track. Again Myro is moving faster than expected - almost reaching .20 today and now retracing, possibly to hit .16 before moving up to the next level.

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WOW. Moving so much faster than I expected and ATH reached touching above .31 - took a very small bit of profit, smaller than planned because of several reasons:
1 it's moving similar to how WIF did when it broke out
2 we're in price discovery
3 RSI is in a good zone, even when it reaches 78-82 zone, these quick dips are getting bought up so fast that there's very little room to take profit and then buy back in enough time

Overall I would say even if it retraces 20 percent I would still hold as this could be a very wild week of growth. Good luck!

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Incredible day, really seems like MYRO is taking a similar path to WIF. And we know Binance will be listing MYRO on the 7th, so we can expect more growth in the lead up, easily hitting .50 by then, with a slight correction and swift bounce back as it climbs towards $1.00. I would say given market sentiment, the general enthusiasm of the crypto community, it would be wise to hold this to $1, and likely beyond that as it should continue to follow WIF. Set markers to take a bit of profit and enjoy the ride.

Remember that every 4 years around the btc halving cycle there have been meme coins like DOGE, SHIB and PEPE that have gone single or even double digit billion dollar market caps - it seems this is a meme coin super cycle happening now as Bonk and WIF have crossed a billion, and now Myro could be about to do the same.

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Correction - I misread the Binance announcement - futures listing was the 5th at 08:00 UTC for MYRO, 1000PEPEUSDC is the 7th at 08:00 UTC. Though I would advise against going with too much leverage cause as you can see the moves in either direction can be swift and brutal depending on what end you're on.

Metrics still look good as we saw a climb to .39 and then a healthy 20 percent consolidation and are currently bouncing around .29 - still almost 100% gain for the day. I'd expect some sideways movement and then a climb back up to .41 and to .50 by the end of the week, possibly sooner if sentiment continues like this.

Good luck!

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Quick update - we saw a big flush yesterday around 23:00 utc across the crypto space, some coins like Myro and WIF flushing 50% before rebounding an hour or two later. This is a good example of big money flushing leverage, spooking small fish and getting more for a low price - at one moment for maybe just 30 seconds Myro had a sell candle touch down to .15 and traders scooped it right up, then it returned to over .23 within minutes and began climbing back up. Lesson here is be wary of trying to play these pivots because they can be brutal and fast and most of the time you'll lose. Current strategy is to hold as it trades sideways a bit, then take some profit at .5, which I would then expect a retrace to .4 before climbing to .6. However, with new exchange listings such as Crypto.com it could easily skip a pivot point of .5 and continue. So pick your targets for taking a bit of profit and stick to them, then hang on for future targets - I still think we're looking great for hitting $1 very soon, within the next few weeks.

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Just touched 36.59 on the RSI bouncing off approximately .31445 - I think this is where we begin the next leg up - modest target .44, medium .52 and max would be .6 with a 20 percent correction establishing .41 as new support. Let's see where it goes!

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Still ranging today with .3 holding as support, which is great. I expected a hard bounce there, but perhaps we'll test it one more time before beginning the climb. Even if Myro breaks .3 I would just hold and wait and not short this as it could really move up fast as Solana picks up as well.

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Looking great, tested a new ATH around .44 with an expected consolidation. I expect this to range a bit, possibly till Monday morning, and there's a chance of testing support near .3 again. But soon I expect this to have another swift and strong climb - I've posted a new analysis using the same indicators as I did on this on the next stage of Myro, which I see climbing to $1.3 on the next climb.

As with this, the time frame could be slower or faster than charted, but I would expect this to move quite similarly to how WIF did in the same range.

Good luck and hope to see you all at $1!

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Still ranging, holding nicely above .29 - WIF is moving now, so I'd expect MYRO to move once WIF cools off. If MYRO clears .44 and holds then the target should be .6 before the next consolidation.

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Huge move by WIF, MYRO is starting to follow - hope you got your spot longs in on the multiple chances while it tested .30 because it is starting it's next leg up. Should be a big day, good luck!

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As expected we have a flush of BTC and across the board for crypto that has been happening around 14:00 UTC, the downslide starting around 13:00 - small fish panic and sell, which quickly gets bought up. MYRO didn't flush much and showing very bullish signs, so I'm expecting we clear .50 easily in a day, likely touching .60 and the faster this happens the more we'll see multiples happen just like with WIF when it was at this price point.

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Lots of volatility as there was another flush several hours ago from BTC and across the market. The good news for MYRO is that on the weekly time frame the trajectory is solid and it has established a higher low at .34. And as SOL keeps rising this means more liquidity will flow across the chain when it takes a breather.

While it is a bit frustrating watching it range and having multiple rejections from .42 and ATH of .44, this is to be expected and until MYRO clears .44 and holds it - that's the point we should expect it to mirror WIF's rapid rise above $1. Until then the best thing to do is sit back and wait, don't get caught up in these wild leverage swings.

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Dumps continue across the board and BTC could easily reach 64k. MYRO has tested .28-.29 support and as long as it holds .28, it shouldn't dip lower. End of the day the same advice applies in these scenarios, sit on your hands and don't make any moves as folks with leverage get wrecked. Once this passes we should see the path cleared for a healthy move up.

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Lots of chop continues across the board, with drops and then things running back, and then down again following BTC's moves as we get closer to the halving. We also have a lot of people chasing newly minted meme coins and jumping into presales and getting screwed, so there's a lot of liquidity that's missing established meme coins, and crypto. For Myro I'm just sitting on my hands - on the macro it still looks great, and it's doing what WIF and almost every other coin is doing. So once BTC stabilizes from the current correction and starts running back up, we'll see Myro follow Wif and make a large move as well. Patience is key. Good luck!

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BTC continues to slowly slide, though it's a shallow correction and seems to be bottoming - likely a bounce at 62k. The great news is that even as BTC has slid further, Myro is now ranging and .20 has held as solid support. Taking that into consideration and considering the total correction from the ATH of .44, this is looking like a great entry point for those that would like to buy the dip, or if you'd like to add more to your position. There's of course always risk entering at this point, and I would advise against doing anything with leverage as we're still not out of the woods, but for a spot entry it is worth the risk for me personally.

Good luck and remember we're still very early in this bull run and the halving is about 3 weeks away!

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FOMC today at 14:30 EST, with that BTC should reach the bottom if we haven't already - possibility of testing near 60k one more time. Myro doing what one would expect, holding support and if we do one more dip we can see .19-.18 will be the bottom if this isn't in already. Personally .20 was a great re-entry for me, taking some of my profits from .41 and putting 1/3 back, DCA in case we dip a tad lower.

On the Macro MYRO is still looking good and if we compare to WIF's historical data we see that it had three big breaks over .4 and then retraced to .20 the first time, .17 the second time and .28 the third. This is normal for a meme coin and is part of the process of shaking out those that bought in extremely early, paper hands etc. So in general 50%-60% retracement from ATH is the max and a fantastic buying point. I expect after today or EOD tomorrow this will start moving back up and testing another ATH within the coming weeks. But again, that will all depend on once BTC bottoms and turns around.

Hang tight and good luck!

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Myro moving up to establishing new levels of support and higher lows as BTC continues to range and consolidate. Once BTC makes a new ATH and is clear this pre-halving angst has passed Myro should start a strong move towards .60 (raising this target since Myro is consolidating above .25 instead of .20 now).

For now continuing with the same strategy of sitting back and relaxing, waiting out this chop until the halving, or perhaps a bit sooner. Overall looking solid!

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Again a dip across the board following BTC, this chop will likely continue until the halving - I look at these as great buying opportunities, especially for Myro around .25, possibly .20 again if BTC also tests it's higher low around 62k.

Strategy stays the same, sit on hands, relax and stick with spot, avoid leverage trades with this chop cause by now it should be clear these dips can rip right back up and wreck ya, or vice versa. If you've entered at a higher point and aren't over leveraged then I'd say hang on and be patient, we saw from Sunday that when BTC climbs, Myro runs. Though I entered at .03 and .05, so it's much easier to say from my point - remember to always have stop losses in place and also don't put in whatever you're not ok losing.

End of the day patience is key on this, but it will keep paying off. Once we're clear of the pre-halving angst and Myro reaches a new ATH then I think we will see the above pattern play out similar to how it did with WIF on its first run above $1.

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Haven't been posting much cause the market has been pretty boring and choppy. But the thesis still remains the same on Myro and still looking very strong on macro trend, this is why for meme coins spot trades are best and much less stressful because you can wait out these long consolidation periods. Now is a great Myro is in a great supply zone, looking to buy more if this second wave brings us down to .12 before moving to a large wave 3, which should end up around .80 or higher.

We've finally cleared the bitcoin pre-halving jitters/fears of a massive correction, but then all markets were hit by geopolitics with fear of a possible wider war between Israel and Iran, which those fears seem to have subsided now and markets should be bouncing back. Also you have another U.S. regional bank failing which means there will be more quantitive easing measures i.e. money printing, which is very bullish for crypto.

I see btc continuing to range and chop and alts take the stage to have big moves in the coming weeks, which Myro will follow Bonk and Wif as liquidity will flow down to Myro, and then if Myro does have a powerful wave 3, the thesis that it will follow a similar violent move up like WIF did definitely seems like a possibility if the timing is right and that surge catches more new buyers. Overall there are still big spot listings to come for Myro - coinbase, Binance and Robinhood would bring in retail folks, and that's where parabolic moves can happen. I would say we're still months away from that, likely around September if we look at previous cycles.

For now I'm continuing to hold, will buy more if it dips to .12, otherwise I'm not looking at charts much and just waiting until the next big wave to start taking healthy profits.

Good luck!

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Well it was a longer period of consolidation than expected but for those who held on it seems like wave three is underway with an immediate target around .44 and I think the end of this wave puts MYRO around 1.30 - 1.50, .80 at the most conservative.

mgreyd

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