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MYROUSDT

Elliott Wave Analysis with Volume Profiles and Open InterestMYROAnalysis. eliott wave: the price action conforms to elliot wave theory, suggesting a potential bullish move with the completion of wave 5. volume profile (January 38th - february 3rd) the initial volume profile indicates that the price has previosly visted the point of control (poc), and it appears to be retracing towwards the upper 70% line, which could serve as oyr TP3. Volume profile (february 2nd-february 19th): the subsequent volume profile suggest that the ptice is finding support around the 70% line, this support level has also acted as resistance in previous instances. Openinterest: there is a bullish and green candle observed in the open interest data, indicatng potential bullish sentiment.
Long
by ispatialresources
5
How to hold meme coins such as MYROIn mid-2023, meme coins represented by PEPE and FLOKI pumped during the correction of BTC due to the inflow of funds. Now that the BTC ETF has been approved, BTC is also showing signs of a correction, and the popularity of meme coins is rising. As we mentioned in recap last week, although SOL is in the process of correction, many meme coins in solana ecosystem, such as MYRO, WIF, dominate the market. Compared with PEPE and FLOKI, new meme coins have more wealth effects. But for memes, the price fluctuations are usually violent, and it is difficult to hold tokens just through faith based on the tokenomics. A large correction in a short period of time may cause you to become a paper hand. So today we use our indicators to look at how to better trade meme coins. The token this time is MYRO, a meme coin that is very popular in the Solana ecosystem. From the chart, we can see that the TSB indicator prompts a BUY signal on January 1, 2024. Then it started its bullish trend. As mentioned above, this puppy was very volatile, with many significant pullbacks throughout the rise, which we have marked with the red price range. Under normal circumstances, some traders will close the position to take profit as shown by the red arrows after the price breaks through a certain level downwards. Even these positions have experienced at least a 20% retracement from the high. Taking profits at that point seems reasonable. But as we see now, they became paper hand. But in the TSB indicator area, you can see that although the price has made a large correction, it has always remained above the wavy area. In a bullish trend, the price moves back to the line in the wavy area and bulls strengthen. If those traders used the TSB indicator when trading, their long positions would still be there. They can save time and energy to use elsewhere. In addition to helping to hold, when the columns fall to the key line in the wavy area, it can also be used by some aggressive traders to increase long positions to capture additional profits. To sum up, MYRO continues to maintain a bullish trend. Proper use of indicators can make you easier and richer. We will also bring more indicators and application scenarios in the future. Introduction to indicators: Trend Sentinel Barrier (TSB) is a trend indicator, using AI algorithm to calculate the cumulative trading volume of bulls and bears, identify trend direction and opportunities, and calculate short-term average cost in combination with changes of turnover ratio in multi-period trends, so as to grasp the profit from the trend more effectively without being cheated. Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies. Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
by sypool-AI-TradeGenius
Myro Token Surges to Top 3 Memecoins on SolanaMyro ($MYRO) has emerged as a formidable player, claiming its spot as the third-largest memecoin on the Solana blockchain. The token's recent surge to an all-time high (ATH) of $0.2607 within a short timeframe has turned heads, marking a remarkable journey from obscurity to prominence. This article explores the factors behind Myro's meteoric rise and the unique milestones that set it apart in the competitive world of memecoins. The Solana Connection: $Myro's success is intricately linked to the broader positive sentiment surrounding the Solana protocol. The third quarter of 2023 witnessed a resurgence in the uptrend of $BONK, sparking increased interest in alternative memecoins within the Solana ecosystem. $Myro, making its debut on Solana last year, quickly captured the imagination of traders, with its name inspired by the dog of Solana co-founder Raj Gokal. Impressive Growth Trajectory: From its humble beginnings at $0.001995 on November 14, 2023, Myro has experienced an extraordinary surge of over 1,100%, reaching its ATH of $0.2607 just hours before the time of writing. This growth trajectory positions Myro as the fifth-largest memecoin by 24-hour trading volume, with an impressive $88,795,158 in trade. Only Dogecoin (DOGE), Shiba Inu (SHIB), BONK, and Dogwifhat (WIF) precede $Myro in this ranking, underscoring its newfound prominence in the market. Unique Market Position: Myro's ascent to the top is further highlighted by its ability to flip PEPE in trading volume, showcasing sustained interest and investor confidence. The memecoin's performance stands out, especially considering the volatility inherent in the memecoin space. The Solana Mobile Incentive: A noteworthy aspect contributing to Myro's recent frenzy is its potential association with the announced Solana Mobile upgrade. The prospect of securing a Solana Mobile phone has already garnered over 30,000 pre-orders within a mere 24 hours. The incentive lies in the possibility of airdrops for phone holders from projects within the Solana ecosystem. This particular feature has caught the attention of memecoin farmers, adding a unique dimension to Myro's acclaim. Social Media Buzz: Myro's growing popularity is further evident in its remarkable surge in social media mentions, propelling it to trend on various platforms. The community's enthusiasm and engagement contribute to the memecoin's overall appeal, fostering a sense of community around the Myro brand. Conclusion: Myro's journey to becoming the third-largest memecoin on Solana is a testament to the dynamic nature of the cryptocurrency market. Its unique milestones, coupled with the positive outlook of the Solana protocol and the potential impact of the Solana Mobile upgrade, position Myro as a noteworthy player in the ever-expanding memecoin landscape.
Long
by DEXWireNews
MYRO: The Party Is OverMYRO/USDT Daily logarithmic chart. Top of the channel. Take profit, and wait for a pullback. ................................................................................................................... We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature. and are therefore are unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
by CryptoTrend-Alerts