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Myro / USDT

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MYROUSDT trade ideas

Longing MYROMyro Long : Opened 7/9 Entry : 6.2c R/R : 26:1 August/September are bearish months seasonally. Knowing this, the best time to be looking for longs is generally mid-late September. BTC Halving occured 6 months ago. Price has been in a sideways consolidation near all-time highs since then. BTC has just had a strong move downwards and price is now sitting on a high time frame support, at the bottom of it's 6 month range. It has found it's current low on an important 4h order block. Taking seasonality into account, the bottom could be very close, if not in already. Trade Reasonings : -In terms of support/resistance, MYRO has been behaving very well with horizontals and OB's (Order Blocks). There has been strong support shown at the bottom daily OB (in blue), despite Bitcoin's recent downward pressure. -MYRO has been in a clear downtrend for 6 months. It is now near historical lows, but price is currently being supported by a strong daily OB and horizontal support. Strong R/R in this area. Bouncing here would put in a weekly higher low. -The daily has set in 3 drives of bullish divergence. -A falling wedge is forming. Daily OB aligns with the bottom of this pattern for confluence. Final Considerations : -MYRO has performed very well during it's uptrends so far -Seasonality suggests the market may start trending up within these next few weeks -Price is on Daily OB support -Price is on Daily horizontal support -Price is on Weekly horizontal support -Price is at the bottom of a falling wedge -Bouncing here would set in a weekly higher low -Falling wedge is 75% filled in, which is where wedge patterns often find there direction -Target of the falling wedge would be as high as 37c. My take profit has been set at 34c as this also aligns with a daily OB and daily resistance. -Risk/reward ratio based on this trade is 26 -MYRO is still range bound between the two lower OB's, but a reclaim of 9.6c would be a strong indicator that the falling wedge may break out
Long
by Tom177
MYRO Update — Big Move IncomingMYRO has entered an ascending triangle pattern after its latest (massive) drop. So, just as a refresher, between the end of July and the beginning of August, MYRO lost almost 60%. Typically, an ascending triangle pattern is considered a bullish pattern. That means we should see a break to the upside at some point, followed by a sharp price increase. If this happens, we could see the price again attacking 0.14-0.15. So, again, watching the trend line is essential. Never enter too early and without confirmation!!
Long
by ben_walther
1
Trade Setup: MYRO Long PositionMarket Context: Meme coins are showing potential as bullish sentiment re-enters the crypto markets. MYRO is trading in a critical zone where bulls need to hold to maintain momentum. A shift in market structure could offer a clean entry for traders. Trade Setup: Entry: Around $0.091. Take Profit: First target: $0.13 Second target: $0.1789 Third target: $0.23 Stop Loss: Close below $0.071. 📊 This trade has potential for strong upside with careful risk management. Watch for signs of trend reversal. #MYRO #MemeCoins #CryptoTrading 🎯
Long
by Richtv_official
MYRO UpdateEarlier we got good swings from MYRO and now we have prepared a new update for MYRO. The downward corrective waves are expected to continue A supply range is formed on the chart, and we expect price rejection from this range to the bottom. The targets are clear on the chart, when we reach TP 1, save some profit and change your stop to entry. Closing a daily candle above 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
Myro updateThis was my original Idea and what I thought was going to happen with $MYRO. It ended up dumping bad, meme coins saw a pullback and not surprising considering I bought this at 400K MC. I took partial profits up top and held some all the way down. I bought more again yesterday at around 7 cents. Regardless of the dump $MYRO community won't be denied. Twitter has over 50k followers and it is only a few months old. Anytime I post about $MYRO the engagement is insane. Would not be surprised to see it cross ATH again soon. I am loaded and ready. A lot of people shy away from these plays but meme coins have changed my life in the past few months. The right ones can be lucrative if played correctly starting small with a risk management strategy. The difficulty is in the volatility and picking the right ones.
Long
by gabrieldavila308
2
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