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MEWUSDT trade ideas

MEW — Testing Key Resistance Within a WedgeMEW has been trading within a descending wedge pattern, which typically signals a potential reversal once broken. Currently, MEW is approaching a critical resistance level at $0.0048, which has repeatedly acted as a rejection point. 1️⃣ Key Technical Points • Wedge Formation: MEW consolidates within a descending wedge, gradually tightening its range. • $0.0048 Resistance: The $0.0048 level remains a crucial barrier. MEW has tested this level multiple times without breaking through. • If MEW can decisively clear this resistance, the next move could target the upper trendline of the wedge, around the $0.0055–$0.0060 range. 2️⃣ Potential Breakout If MEW breaks above the upper trendline, a more significant rally could ensue. The next target is likely to be around $0.007 and potentially higher. 3️⃣ Risk of Rejection If MEW fails to break the $0.0048 resistance, we could see another pullback toward the wedge's lower range or continued consolidation within this tight structure. 4️⃣ Summarized MEW is currently trading at a critical juncture. The $0.0048 resistance is the fundamental level to watch in the short term. If it breaks, MEW could rally toward the upper trendline and beyond, potentially targeting $0.007. However, caution is advised if it fails to clear this level, as another rejection could lead to further consolidation or a retest of lower levels within the wedge.
Long
by ben_walther
MEW scalp - August scalping journey trade Nr. 4No loss so far in this month, lets try to continue with this streak. ⚡ Late night session for me today and I am possibly holding this one over the night if it gets filled. I am trying this bid on MEW as I told you just slightly different. I am going to bid the 4H Supply Breaker with a smaller stop loss. I may be updating it later in the night so if you don't like to hold it over the night, don't do it. Risky setup because it's going to run during the night so manage accordingly. 4-Hour Supply Breaker: The 4-hour supply breaker is identified on the chart. This zone indicates a previous area where selling pressure was significant, but now it could act as a strong support area, hence termed a "breaker." Break of Structure (BOS): Multiple Breaks of Structure (BOS) are marked on the chart, showing key levels where the market has shifted from a downtrend to an uptrend, confirming the change in market sentiment. 4-Hour Fair Value Gap (FVG): The 4-hour Fair Value Gap is another critical zone. This gap often attracts the price to fill it, providing a potential area for entry. 12-Hour Fair Value Gap (FVG): Additionally, there is a 12-hour FVG, which can serve as a further confirmation of the support level and the potential for price to rebound from this zone. Holding the position overnight adds to the risk since the market can experience volatility during non-active hours. It is crucial to be comfortable with this aspect of the trade.
Long
by stromm_by_wmc
2
MEW/USDT NEW INCREASE VOLUMEMEW/USDT shows the low time frame possibility for new volume which can affect the price for an uptrend. ( depend all on high chance) There are no guarantees in the markets. The new increase volume updates always start with interest if there is a confirmation to follow and if there is a building with a hold for a time. 90% of coins this time are not building coins. Some % also show a start fake trend and return to where it started. time frame confirmation + high levels building is important for a healthy coin.
Long
by SatochiTrader
MYRO Update (4H)From where we placed the green arrow on the chart, it looks like a new pattern has formed and we are now in wave C of this pattern. We have a supply range which is a good resistance range. In this range, the price can be rejected downwards. Closing a daily candle above the invalidation level will violate the analysis. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
by behdark
Looks Like MEW will Dump for Here?I have been watching BINANCE: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.
Short
by CryptoNiche
15
MEW — Another Unsuccessful Break Out Attempt! After its latest pump in mid-July, MEW has entered a bull flag pattern. Moreover, we've seen a couple of breakout attempts—so far, all unsuccessful. Just yesterday, we had the next attempt, which was also driven by an enormous volume spike. However, the resistance remained strong, and MEW was rejected. Even today, MEW tried to push but didn't reach the trend line. Once MEW manages to breakout to the top, we could quickly see a rally of 60% (calculated based on the previous pole flag). Accordingly, a level of 0.012 is possible. However, an entry should be based on a breakout and confirmation on a higher timeframe. A stop loss can be placed slightly below the trend line.
Long
by ben_walther
MEW: Buy or Wait?The trading volume is 51.691M MEW, indicating significant market activity. The SMA is at $0.007526, indicating that the current price is slightly above the moving average, which can be a bullish sign. The histogram value is 0.000062, MACD line is 0.000107, and the signal line is 0.000046, indicating a bullish trend. %K at 79.62 and %D at 79.77, indicating the asset is near overbought conditions. The RSI stands at 64.19, suggesting that MEW is approaching overbought conditions but still has room for growth. Market Sentiment The market sentiment for MEW appears cautiously optimistic. While the RSI and Stochastic Oscillator indicate nearing overbought conditions, the MACD suggests bullish momentum. Potential Market Scenarios Bullish Scenario: A decisive break above the local resistance at $0.008816 could lead to further upward movement, targeting higher resistance levels. Bearish Scenario: If MEW fails to break above the local resistance, it could retest the support levels at $0.007538 and $0.007051. A break below $0.007051 could signal further declines. When to Buy MEW for Investment Current Situation: Given MEW's current price at $0.007959 and the technical indicators suggesting potential overbought conditions, a cautious approach is warranted. Optimal Buying Strategy: Wait for a Pullback: Considering the Stochastic Oscillator and RSI indicating near overbought conditions, waiting for a pullback towards the local support level at $0.007538 could offer a better entry point. Solid Support Level : If the price drops further, the solid support at $0.007051 is a strong level to consider for investment. Historically, MEW has found significant buying interest at this level, making it a safer entry point. Gradual Accumulation: Alternatively, adopting a dollar-cost averaging (DCA) strategy by buying small amounts at regular intervals can mitigate the risk of market timing and take advantage of potential dips. Conclusion and Market Outlook MEW is currently positioned with significant support and resistance levels to watch. While technical indicators suggest potential overbought conditions in the short term, the bullish MACD and overall market activity suggest room for growth. Impact of Bitcoin: It's essential to note that Bitcoin (BTC) is currently at a crucial level. If BTC fails to surpass its all-time high and experiences a significant drop, it could negatively impact the broader cryptocurrency market, including MEW. Monitoring BTC's price action is vital for understanding potential risks to MEW's price movements.
by MonoCoinSignal