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MYRO — How To Approach A 65% Profit TargetMYRO has recently entered my "worth-to-watch" trading list. This post will explain why and how I plan to approach the trade. MYRO has delivered a strong performance over the last few days/weeks. However, as expected, the latest uptrend was rejected by the major resistance between 0.16 and 0.17. As a result, MYRO dipped ~20%. On the bright side, MYRO printed a bullish crossover (1) just a few days ago, which can indicate an uptrend. The Tenkan line (green) served perfectly as support (2) and led to a bullish engulfing candle today. Here's what needs to happen before I will enter a trade. The resistance area between .16 and .17 serves as my stop sign. I want to enter a trade as long as the price has moved above and is confirmed on the daily chart. Preferably, the price closes in the cloud. If this happens, I will consider initiating a long trade. The upper line of the cloud serves as a first profit target since MYRO will certainly encounter some resistance there. The final profit target is located at 0.28.
Long
by ben_walther
MYRO — Conquering $0.17 Could Lead To A 65% RunMYRO is currently battling its major resistance area between 0.16 and 0.17, which was already a big hurdle during April and June. Therefore, it is doubtful whether MYRO will smash the resistance on the first attempt. If it happens and MYRO can confirm it on a higher timeframe like the 1D chart, there should be room to run. The next stronger resistance lies at ~0.28, resulting in a profit potential of 65%. The technical indicators second MYRO's bullish potential: MACD and short-term moving averages are bullish. On the other hand, most momentum indicators are still in the neutral zone. How to proceed? As mentioned, it is important to monitor the resistance at 0.17. It's definitely not a good idea to enter a trade before the resistance falls, AND this is confirmed on the daily chart. If this happens and the overall market remains in its bullish momentum (which is likely), we can take a closer look at a potential trade setup with a target of 0.28.
by ben_walther
Meme Crypto Coin: MYRO Possible target $2 (+1400%)Meme coin Myro Warning: This is a risky trade, be carful! My reading is: 1- Primary: it could be started the 3rd/ or C of Elliott wave 2- Seems it finished the wave 2 (correction), reversal candle Forecasting: Conservatively: it may go to the upper bound of the channel $2(+1400%) Unconservative: I will update when it break the upper channel The information is not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendation.
Long
by KhaledDoge
1
MYRO looks bearishFrom where we put the red arrow on the chart, it looks like MYRO's bullish diametric is over and the BNX correction has started. It looks like a correction of an ABC or more complex pattern as we are now in the middle of wave B It can move down from the red box. The targets are clear on the chart 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
Short
by behdark
"Paws and Profits in Perpetual MotionMyro, the savvy Solana pup, sniffs out crypto gems using a strategy with Fibonacci, Gann Fan, and good ol’ support and resistance. He paws through charts, drawing Fibonacci retracements to find bone-worthy price levels. With his Gann Fan, he tracks angles to predict future treats. Barking at support and growling at resistance, Myro ensures he buys low and sells high, always on the lookout for the next tail-wagging trade. On the Solana blockchain, this dog’s got a nose for profits!
by bovinebreed
MYRO ANALYSIS (6H)It is one of the famous symbols of the SOL network, which is trending. It seems to have formed a large diametric which is now at the end of the E wave. If it reaches the green range, you can look for buy/long positions. The targets are marked on the chart. Closing a daily candle below 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
3
Myro breakout indicators - solid long opportunityIf we're looking at the Solana meme coin space, Myro tends to move a bit behind WIF. Currently Myro has been in a slow but steady recovery, establishing higher levels of support. If we look at the charts and history, we're in the almost exact formation WIF was on January 8th price point wise and chart structure - also similar to where Myro was before it's parabolic move, but we now have much stronger support levels and a long period of consolidation that is an indicator we should make an ATH soon. Even with the drops and consolidation we've seen, it's still moving along the channel and the lows continue to rise with the support channel, which is a great sign. I'd expect a small dip in the next day, possibly to .068 (or it could be very slight down to .072), and then it seems very likely as BTC and SOL cool off a bit, we'll see traders moving some of that money back to Alt coins which should give a nice chunk of liquidity for Myro to start it's next run.
by mgreyd
19
Myro update - next target .30Some slight adjustments to my previous post - Myro actually moved on a much faster timeframe than I anticipated and it's pivot points were slightly higher. Today we say a solid consolidation after hitting .16, and then a swift 20% drop across crypto that was quickly bought back - this shook out a lot of leverage on both sides and has primed Myro among other coins for the next leg up. We could see one more test of .11, but then the RSI and historical chart data seems to point towards a swift rise up - I'm guessing it will move relatively quick to .20, perhaps by the end of this week, with a quick profit taking bringing it to near .16, and then another quick climb to .30 I would anticipate a steep correction once .30 is reached, probably to .21, but once Myro clears and holds .30 we should see some parabolic moves if this "meme coin super cycle" does materialize and we see more liquidity flowing into the space.
Long
by mgreyd
27
MYRO - $1.30 by end of MarchUpdating my analysis from .076 to .30, which was pretty spot on though MYRO moved on a much faster scale than I anticipated. Using the same analysis looking at WIF, which Myro has always followed closely behind and is on the same blockchain of Solana, we can expect similar movement now that it has broken out from it's previous peak ATH of .26, made a new ATH and moving into price discovery. Recently MYRO tested a new ATH of .448, which is currently having a healthy consolidation around .37, possibly a bit lower and likely will range for the weekend. Looking at WIF's trend history (which again played out almost to the T when MYRO began it's breakout at .076), we should expect another swift and fast climb for MYRO very soon in the coming days. Once MYRO moves above .40 and passes it's new ATH we should be set to begin this pattern. Again the time frame could be faster or slower than charted, but I would expect it to move quite similar to how WIF did over two weeks ago. After we reach pass $1 and hold we'll have to see where the market is and if meme coin sentiment is still holding strong. At the moment it does not look to be cooling off as more exchanges continue listing futures, and we will have spot listings rise soon too - the big parabolic moves will come with spot listings from Coinbase, Binance, OKX and Robinhood. If this meme coin super cycle continues we could see events similar to the booms of DOGE, SHIB and PEPE in previous bull runs, which will see growth across all newly established and old meme coins. I would say anywhere around the .3, even the .4 range is a still a strong entry point for a spot long. I would say if you're planning on trading with leverage to have your stops carefully placed. As we've seen before there can be swift flushes that get bought up as quickly as they dropped, so also be wary of trying to time these pivot points since they can be much briefer than charted. Let's see how this goes and hope to be taking more profit at $1. Good luck!
Long
by mgreyd
14
Myro Breakout to New ATH, Following WIF's TrajectoryMYRO has always trailed about a month behind WIF's trajectory and price. My earlier analysis from MYRO's second breakout on February 27th was almost spot on, and then my second analysis from March 3rd on the .30 target was also accurate, if not underestimating the rate at which it climbed well past the target. Now this is amending my latest analysis which pointed to MYRO reaching $1.30 by the end of March, which while I do think it's highly likely to reach this target, the timeframe and trajectory needs to be adjusted considering BTC's latest dip and consolidation. On the Macro MYRO is still looking good and if we compare to WIF's historical data we see that it had three big breaks over .4 and then retraced to .20 the first time, .17 the second time and .28 the third. This is normal for a meme coin and is part of the process of shaking out those that bought in extremely early, paper hands etc. So in general 50%-60% retracement from ATH is the max and a fantastic buying point. It seems that yesterday after the FOMC meeting and Powell speaking, that reassured markets across that interest rates would remain the same and cuts would commence in the near future. That led to a hard bounce from BTC and MYRO and all crypto followed, which if BTC continues to climb back to $72k we will see the right conditions for MYRO to climb back to its ATH and then facilitate a breakout as long as BTC holds and doesn't do one more dip pre-halving. This trajectory is mirroring that of WIF's before its breakout and what I expect to happen on a probably slightly slower timeframe. In my opinion once MYRO breaks .36 this will confirm the trend is starting and from there we will see a slight correction to .29 making a new higher low and then a bounce to a new ATH nearing .50, but retracing back near that last low which should be around .29. Once that new higher low support is confirmed this should start the breakout trend and we will see a very fast climb, and this will probably line up with the halving, or a bit after. It could also happen sooner, you just don't know when these meme coins are gonna make a big move. Of course I could be wrong, but this is what I did with MYRO from .03, and then again after it retraced from .26 to .05. As always scale in your trades, take profits at targets, ATHs and only put in what you're willing to risk losing. Good luck and let's see where this goes!
Long
by mgreyd
7