Since 16 Feb 2022, that I posted the last analysis for Mirror protocol , it has been declining till now , actually it was able to breakout the downward trendline and even hitted the tp1 by recording a LH over the pivot zone as a bull trap , but then massively slummed !( tp1 more than 80%💰 (1x)long).)
Also today as you see on the daily timeframe again for mirusdt , after a little consolidation phase , now it can attack the higher pivot zone and it it be able to overcome this zone , it can easily rise to the higher trend line and vwap line or maybe the volume gap zone, then it may reject again , but if it be able to breakout the trendline it can even see the higher resistance zone , but otherwise if it loses the current support zone it can even fall on the lower support lvls!
✌️ Good luck with your trading and investing and remember: Trade smart…OR JUST DON’T TRADE! -------------------------------------------------------------------------------------------------------------------- 👉This analysis is my personal opinion ,not a financial advice ,so do your own research. 💜 if you're fan of my analyses please follow me , give a big thumbs 👍 OR drop a comment 🗯
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Nothing much changed for previous setup , mirror retested TP1 for 2 times, so now , it seems that overcame current support and pivot zone recently with a strong daily candle , and if maintains these 2 important key zone , will easily retest higher TPs!
Trade active
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So if maintains 0.2 and have a weekly close on $0.25 , It Can at least touch Descending trend line or vwap line about volume gap in that case !
Trade closed: target reached
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. . 🎯TP 1 55% ✅ 🎯TP 2 155% ✅ 🤑💰
It can have a pullback on the Pivot zone again before more growth!
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as long as it hold the support zone can have a more rise ,but otherwise if lose it can fall again !
Thank you for the detailed analysis of potential asset movements, it was very helpful. It’s very interesting to observe your reasoning on technical analysis.