MYROUSDT trade ideas
MYRO/USDT Hit TP @ 0.035060, Update 30/03/2024MYRO/USDT nicely hit TP @ 0.035060 & brought for us a nice profits! ;)
G-Money's short version analysis based purely on technical analysis only, no nonsense or "BS":
Stop Loss (SL): @ 0.19858 USDT
Entry Point: @ 0.24852 USDT
Take Profit (TP): @ 0.035060 USDT
PS: ( 1 ) Remember: recommended re-enter area is between Stop Loss (ST) & Entry Point.
( 2 ) If price went half way between Entry Point & Take Profit (TP), be patient please & wait for price retracement to ( 1 )- EP-SL area or for the next new set up ;)
Congratulations to all traders with healthy profits again! ;)
MYRO momentumI have held MYRO for a fairly long time and got in early. After taking profit twice I have noticed a broader channel forming. I expect a quick swing to my original next target of 45 cents, we could hit 50 cents though. At that point I will continue to layer out into Ai tokens to derisk. I plan on holding moon bags deep into this run though.
MYRO ready for a bullrun. Keeps and follow it 🆕 #MYCO New Signal - Vip Call🚀
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LONG #MYCO-USDT
❌ Cross: x1 to x10
🛒 Entry point: below 0,24
🎯 TP 1 (5%): 0,252 (50%)
🎯 TP 2 (10%): 0,264 (100%)
🎯 TP 3 (15%): 0,276 (150%)
🎯 TP 4 (20%): 0,288 (200%)
🎯 TP 5 (25%): 0,3 (250%)
🛑 Stop loss: 0,218 Very Important! In case it drop we can re-buy in dip with cheap price.
‼️ Comment: #MYCO well, Join x2 to x10 base on your fund and have to keep DCA rules in PIN message. Cross X10 for members have fund >= 30k USDT
🚨 Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. I will make my best efforts to give high-quality coins signal, but will not be responsible for your trading losses.
MYRO/USDT Eyeing for a Bullish Momentum? 👀🚀MYRO Analysis💎Paradisers, get ready as #MYROUSDT catches our eye with its notable trajectory, heading towards critical support following a rebound off a substantial resistance.
💎With the momentum potentially in its favor, there's a significant chance for a recovery from this point, echoing the resilience shown by this support in past encounters, where it initiated strong bullish actions four times.
💎Currently, #Myro is experiencing a downturn, as evidenced by pronounced red candles that signal hefty selling pressure. However, we're keeping a step ahead, watching how the price interacts with the key support level. Upon securing confirmation, we'll tactically plan our approach.
💎For the savvy trader, if #MYRO's momentum falters at this crucial support and descends further, we'll eye a bullish resurgence from the lower demand zone, bolstered by liquidity. There's a solid likelihood for $MYRO to rally from this dip, whereas a breach below this point could precipitate a marked decline.
Possible reaction off Fib golden pocketWe may see MYRO liftoff here within the next couple days, depending on how SOL and the greater crypto ecosystem(s) do. While BTC has been diving a bit, SOL has remained largely strong and steady. These dips are just healthy market corrections, and I think we're in for a treat real soon. WIF usually pumps before MYRO, so when that pumps, be ready for some movement on MYRO short term. Longer term (1+ week out), this could rocket. I know I am holding and will hold for a long time. The bull has just started, my friends. Now's the time to accumulate and diamond hand.
Myro potential bull flagMyro looks to be forming a bull flag on the daily, this upside projection is around 60 cents, but memes are very hard to perform TA on.
-I still plan on locking in profits around 45 cents unless this thing moons
-I will not completely exit my position, if myro becomes the de facto meme on solana it could reach tens of billions of dollars for market cap
Capitalizing on MYRO: Strategic Long Opportunity in MyroMEXC:MYROUSDT is showcasing a compelling setup for a potential long position. The technical indicators on the 4-hour chart signal a consolidation period post a significant uptrend, marked by the price holding firmly above key moving averages and an established ascending trendline. While the inherent volatility of meme tokens commands a cautious approach, the current chart patterns aligned with prudent risk management suggest a favorable entry point for traders looking to leverage Myro's current momentum. As always, such trades should be balanced with a well-considered strategy, especially given the often unpredictable nature of meme-based digital assets.
Here is my Setup arguments and why am i entering a long position here and targeting only 200% and exit without taking any more risk or greed:
Breakout Above Resistance: Which may now serve as support, offering a good risk-to-reward ratio for entry.
Ascending Trendline Support: The ascending Magenta Trendline that served before as a strong support that was respected in the logarithmic scale of the chatrt which indicates an overall bulllish momentum.
Bullish Price Pattern: The consolidation pattern resembles a bull flag, which often precedes continuation of the uptrend which actually happened to be broke upwards and retested.
Price Above EMAs: Suggesting a continued bullish trend.
And also not to forget the overall sentiment in the meme market right now especially in Solana. So these are all enough reasons for me to open a long trade here with only 200% TPR as mentioned.
It is essential to consider risk management strategies such as setting a stop loss below the last swing low, and to size the position appropriately for your portfolio. Additionally, external factors such as market news, fundamental analysis, and overall market sentiment should be considered before entering a trade.
Peace out
Some thoughts about MYROMYRO is for sure in a good uptrend, and actually i can't see nothing that would make me think about a drop. But i expect the price to touch the main trendline i drawed. Here we have two possibility:
Retest it again and next resume the pump
Break it down, retest it and drop
If the price will drop, it will be awesome to see MYRO to trade again in the 0.055/0.08 zone. I don't know if we will ever be there again, but it would be an awesome entry point.
MYRO god candlePatience is key in these markets, I have held myro through all of this volatility, I did take the profits I mentioned at the previous target and I expect 45 cents soon to be honest. People try to hard to trade in and out, sometimes the best option is to just spread your bets, size your positions based on risk and sit back.
-I never add huge positions of memes
-even .5% of my portfolio in a meme winner can make a huge difference in my portfolio
-I always roll profits into the native layer-1 that the token is being held on, for myro I profit take into sol
MYRO Bearish Crab Looks like Myro is in a bullish carb pattern hitting the C point now / X A B C and D are all at points of resistance making D .18 in the next couple of days before going back down / nice short trade for a possible 3X trade / stop loss below .055 ... some quick profits to be made with a very low stop loss