Get started

Mirlong

MIRROR (MIR) - Trading PlanMirror saw a rejection from trend after recent signs of strength, though fortunately it is now sitting in a good accumulation zone (3.1-3). Depending on what happens with BTC in the next 24hrs and how MIR holds this zone, we might see a further sell off of the failed breakout buy those who recently entered the trade, which could take us down to lower dynamic supports in 2.9-2.8 range. MIR has shown strength against BTC recently, but short term it is likely weak after failed breakout Personally I will start adding to my position in this accumulation zone if we see a good buy setup in this range. If price continues to break down, I will look for buy setups at the lower dynamic supports. Long term profit target is $10 First major resistance at 3.5 Strong resistance zone 4.5-5.3 << strong moves beyond this range Dump below 2.8 and wait for re-low test around 2.5 demand zone
MLong
by jamoooo
2
Mirror (MIR) - showing strength against BTC and 3.2 key levelMirror has shown strength breaking above key 3.2 level and holding (so far) recent breaks above this level have seen rapid selloffs once price trend is tapped. We saw this sell happen again from 3.30 and 3.33 but buyers have held the price above the 3.2 retrace so far, which has not happened with recent pumps. It is also holding this level against the BTC pull back, which admittedly is not effecting Alts as widely as the pre-ath pull backs, but still not to be ignored with MIR at this level Things that might follow are a consolidation in this zone between global trend and 3.2, price will squeeze that global trend before attempt to break out If BTC breaks below 60k, expect a return to lower green price trend If BTC consolidates I think we can see MIR breakout soon If BTC dumps possible re-low down to 2.5 Possible trading plans, accumulate around 3.2 dips with a stop loss a couple of percent below that 3.2 level (wicks will dip below on 1H), or wait for break out confirmation on 4H - it is still entirely possible that MIR retraces back to green price trend from here and remains bullish. But I am impressed it has held this 3.2 level so far Round number profit targets loosely mapped in previous post. First would be 4.2-4.3
MLong
by jamoooo
2