Momentum structure has reset on all time frames. 3D still has some travel left in it but if we only look at 4hr and 1hr it will find confluence with 3D. Im calling a bottom on this one.
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Everything on the chart.
open pos: market and lower
target: 4 - 6 - 8
after first target reached move ur stop to breakeven
stop: w/o stop (depending of ur risk). ALWAYS follow ur RM .
risk/reward 1 to 10
risk is justified
Good luck everyone!
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YELLOW ARCS
General price trajectory floor.
MAGENTA CHANNEL
This is a curved projection channel created upon a bounding box. The chart is presented over a LOG price scale. For its creation we use 3 "curved line boundaries" that cover the center, upper and lower limits for potential movement. Even if this not an attempt to forecast a trend or future scenario, it...
If we can get to $2.4s within the next 3 days, 2 weekly red candle will turn into green before it closes. That's a good momentum and volume to test and breakthrough the downwards trend (the red trend line which is around $3 atm). After that all the fun part starts;)
Not financial advice!
Trade carefully!
MIR is currently in a bullish trend on smaller time frames
Price is keeping steady and strong corelated to BTC drops, this is bullish !
Can it break the resistance and keep pushing green candles?
Just a buy signal!
The Golden Cross (EMA 50 crossing EMA 200) is about to happen in 4hr chart along with RSI moving to above 50 levels on daily are signs of a long-awaited flip point on Mir.
With BTC finally starting to retrace back 50k, 55k, 66k and above, we should see Mir hitting its ATH in a few months of time.
Not financial advice. Trade carefully!
Currently looking to break long term trend here, good strong volume had on accumulation lows, levels of expected resistance as follows.
If you want Entry, so it's a good time to take entry.
Do not use this educational analysis for trading by drawing a bearish channel and the fact that the price could not break the channel floor validly and using an upward divergence from the Makdi indicator, and the buy signal of a buy position.
HELLO, MIR WILL SEE A HUGE BULLISH
targets on the chart after first target reached move ur stop to breakeven (stop loss is part of profit).
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Mir is in a huge descending triangle, however the support at around 2.5 seems very strong and there is a continuous momentum shift...This looks like a low risk high reward trade.
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