Mirror has shown strength breaking above key 3.2 level and holding (so far) recent breaks above this level have seen rapid selloffs once price trend is tapped. We saw this sell happen again from 3.30 and 3.33 but buyers have held the price above the 3.2 retrace so far, which has not happened with recent pumps. It is also holding this level against the BTC pull back, which admittedly is not effecting Alts as widely as the pre-ath pull backs, but still not to be ignored with MIR at this level
Things that might follow are a consolidation in this zone between global trend and 3.2, price will squeeze that global trend before attempt to break out
If BTC breaks below 60k, expect a return to lower green price trend
If BTC consolidates I think we can see MIR breakout soon
If BTC dumps possible re-low down to 2.5
Possible trading plans, accumulate around 3.2 dips with a stop loss a couple of percent below that 3.2 level (wicks will dip below on 1H), or wait for break out confirmation on 4H - it is still entirely possible that MIR retraces back to green price trend from here and remains bullish. But I am impressed it has held this 3.2 level so far
Round number profit targets loosely mapped in previous post. First would be 4.2-4.3
Things that might follow are a consolidation in this zone between global trend and 3.2, price will squeeze that global trend before attempt to break out
If BTC breaks below 60k, expect a return to lower green price trend
If BTC consolidates I think we can see MIR breakout soon
If BTC dumps possible re-low down to 2.5
Possible trading plans, accumulate around 3.2 dips with a stop loss a couple of percent below that 3.2 level (wicks will dip below on 1H), or wait for break out confirmation on 4H - it is still entirely possible that MIR retraces back to green price trend from here and remains bullish. But I am impressed it has held this 3.2 level so far
Round number profit targets loosely mapped in previous post. First would be 4.2-4.3
Comment:
Breakout attempt underway now
