Spot Long on MyroWhile alts and Solana memes have been taking a beating, there's still great opportunity to trade these. I find sticking with spot is the safest and if you look at something like Myro, which essentially moves in tandem with WIF, it's a relatively easy trade at moments like this when it's been bouncing at support. I've re-entered at .083 and intend to hold this until around .24 as long as Myro can move above the avwap at .16 - also depending on how things are looking there is potential to return to its ATH, but I think any massive movements in the market will come when FTX repayments of 13 billion usd hit in 60 days, another reason why now is a fantastic entry point for spot.
FOMC meeting on rate cute is today at 14:00 EST and markets as expected took a dip yesterday and should rally at the news of another cut of .25 - this is where I expect Myro to follow the market up and begin testing key resistance points I've charted. Of course this time frame could take longer but I expect by end of January Myro to be back around .20
