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MEWUSDT trade ideas

MEW analysis (6H)It seems that a large pattern (triangle or diametric) is forming, and we are now in wave D of this pattern. The D wave pattern can have several scenarios, but a supply and demand range can be determined for MEW. In the demand range, we can look for buy/long positions Closing a daily candle below the invalidation level will violate the analysis. For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
by behdark
2
MEWUSDT AnalysisOverview: This chart analysis for MEWUSDT highlights key zones for scaling in and out using Fibonacci retracement levels and Elliott Wave principles. Key Tips: Identifying Wave 1 and Wave 2: The initial price spike represents Wave 1. The corrective decline retracing to the 0.786, in crypto sometimes to 0.88 Fibonacci level marks Wave 2, suggesting a potential buying opportunity. Scaling In: Enter positions within the "scaling in" zone around the 0.786 retracement level, which often acts as a strong support in Wave 2. Scaling Out: Target profits within the "scaling out" zone, aligned with Fibonacci extension levels (1.0, 1.236, 1.382, 1.5). This area likely represents the peak of Wave 3 or beyond. Stop Loss: Place stop losses just below the 0.88 Fibonacci levels to manage downside risk. Conclusion: Utilizing Fibonacci levels for scaling in and out, combined with Elliott Wave analysis, can provide structured entry and exit points. Always consider risk management to protect against unexpected market movements.
Long
by WaveFibs
1
MEWUSDT SHORT IDEA Back again with MEWUSDT. Last attempt at shorting Mew was indeed a failed trade but we maintain an unbiased stance and accept that losses are inevitable in trading. MEW has formed a triple top formation using the mid range support (also a major Fibonacci support) as a pivot for its three peaks. its quite an obvious trade and will trigger a short position if the neckline is broken and retested, upon which I will enter on a satisfactory retest and aim for the range support. ANYTHING CAN HAPPEN.
Short
by hyla1996
3
CRYPTO - MEWUSDT SHORT IDEAMEWUSDT came up on my ‘daily gainers’ list a few days ago. As with most relatively unknown coins, after their brief moment in the spotlight, I’ve noticed they enter a prolonged and vicious downtrend. Mew has been making clear lower highs and lower lows since it’s run, and has now formed a range bound consolidation pattern. If this range is broken and successful retested, that will trigger my short position. With a stop at mid range and a take profit at the .618 fib level where we could expect a possible bounce. 4/1 RR, let’s see if it acts as planned. Invalidation if the range is broken to the upside or if the range is reclaimed after the breakdown. Anything can happen, let’s just prepare for the opportunity!
Short
by hyla1996
2
MEW Illuminating the Path: Get In on the Buy Action Today!**Technical Analysis Chart Description:** Welcome to my Technical Analysis charts on TradingView! Before we dive into the analysis, it's essential to understand some important warnings: 1. **Subjectivity Alert:** Technical analysis involves interpreting market data and chart patterns, which can be subjective. Different analysts may interpret the same data differently, leading to varied conclusions. 2. **Historical Performance Doesn't Guarantee Future Results:** Past price movements do not guarantee future price movements. While historical data can provide insights, it's crucial to consider other factors that could influence price action. 3. **Risk of False Signals:** Technical indicators and chart patterns can produce false signals, leading to potential losses if relied upon blindly. Always cross-verify signals with other indicators or fundamental analysis. 4. **Market Volatility:** Crypto markets are highly volatile and can experience rapid price fluctuations. Be prepared for sudden and unexpected price movements, which may invalidate previously identified patterns. 5. **Risk Management:** Proper risk management is essential. Never invest more than you can afford to lose, and consider using stop-loss orders to mitigate potential losses. 6. **Emotional Bias:** Avoid emotional decision-making based on short-term price movements. Stick to your trading plan and strategy, and don't let fear or greed influence your decisions. **Disclaimer for Crypto Trading:** Trading cryptocurrencies carries inherent risks, and it's important to understand the following: Cryptocurrency markets are highly speculative and can be subject to extreme volatility. Prices can fluctuate significantly within short periods, leading to substantial gains or losses. Investing in cryptocurrencies involves the risk of total loss of capital. Unlike traditional assets, cryptocurrencies are not backed by any tangible assets or central authority, making them inherently risky. Regulatory uncertainty and market manipulation are additional risks associated with cryptocurrency trading. Regulatory changes or negative news can have a significant impact on prices. This analysis is for informational purposes only and should not be construed as financial advice. It's crucial to conduct thorough research and consult with a qualified financial advisor before making any investment decisions in the cryptocurrency markets. By using this analysis, you acknowledge and accept the risks associated with cryptocurrency trading and agree to trade at your own discretion. The author of this analysis shall not be held responsible for any losses incurred as a result of using the information provided.
Long
by MoonTradingForecast
1