MYRO-181024

About + Tokenomics

Chart Analysis

MYRO is another token that has formed a bottom and initiated a trend reversal. Moreover, the token broke above the major resistance at 0.09 and was finally rejected at the 0.13 resistance.

Overall, the trend reversal looks healthy, especially when taking the technical indicators into account.

Technical Indicators

• MACD: Bullish 🟢
• RSI: Neutral 🟢
• VMA: Bullish 🟢
• Triple EMA: Price trades between EMAs 🔵
• ADX: 30, indicating a strong trend 🟢

Chart

Trade Setup

Based on the current chart, we can follow two potential trade setups:

Retest of 0.09 Resistance

• Entry: In case MYRO retests the breakout at 0.09 we can enter once the price bounces off the resistance and confirms on the daily chart.
• Target 1: $0.13
• Target 2: $0.17
• Target 3: $0.28 — however, this requires strong support by the market and you should take profits on the way up.
• Stop Loss: Slightly below $0.085

Break Of Resistance at $0.13

• Entry: In case MYRO’s price reverses at the current level (without at retest of 0.09), we can wait for a break of the resistance at 0.13.
• Target 1: $0.17
• Target 2: $0.28 — however, this requires strong support by the market and you should take profits on the way up.
• Stop Loss: Slightly below $0.085

Links

• Check my Chart on Trading View
• Trade MYRO on BitGet with 15% rebate on transaction fees!