Mirror saw a rejection from trend after recent signs of strength, though fortunately it is now sitting in a good accumulation zone (3.1-3). Depending on what happens with BTC in the next 24hrs and how MIR holds this zone, we might see a further sell off of the failed breakout buy those who recently entered the trade, which could take us down to lower dynamic supports in 2.9-2.8 range. MIR has shown strength against BTC recently, but short term it is likely weak after failed breakout
Personally I will start adding to my position in this accumulation zone if we see a good buy setup in this range. If price continues to break down, I will look for buy setups at the lower dynamic supports.
Long term profit target is $10 First major resistance at 3.5 Strong resistance zone 4.5-5.3 << strong moves beyond this range
Dump below 2.8 and wait for re-low test around 2.5 demand zone
Comment
⋅
Caution here - It is not unlikely we now see bitcoin return to the 53k range - which may see MIR re-low to 2.5 range. It is at my optimal short-term buy range now. But market will need to show strength from here to make this a smart buy. Otherwise we should wait for 2.5
Comment
⋅
Mirror making its recovery, all targets remain - good work mirror