📢 $MEW / USDT | 🔴 SHORT | ⭐ 72%
🎯 Target: $0.00040965. Will it get there?
🎯 Trade levels:
🔴 Entry: $0.0004141
🛑 Stop Loss: $0.00041657
🏁 TP1: $0.00040965
🏁 TP2: $0.00040717
🏁 TP3: $0.0004042
📈 Analysis:
The market structure shows a clear downtrend across multiple timeframes, confirmed by the formation of lower highs and previous structure breaks. Trading volume has increased 64.3% above its average, suggesting greater selling pressure on the asset. With the RSI in neutral territory and bearish momentum validated by the MACD, the outlook focuses on the continuation of the current weakness.
⚖️ Risk/Reward: 1:1.8
⏱️ Timeframe: 15M
💭 A 'BOS' or break of structure indicates that the price has moved beyond a previous level, confirming the direction of the current trend.
#crypto #MEW #trading #Bearish
💡 This analysis is for educational purposes and does not constitute financial advice. Do your own research and make your decision calmly.
🎯 Target: $0.00040965. Will it get there?
🎯 Trade levels:
🔴 Entry: $0.0004141
🛑 Stop Loss: $0.00041657
🏁 TP1: $0.00040965
🏁 TP2: $0.00040717
🏁 TP3: $0.0004042
📈 Analysis:
The market structure shows a clear downtrend across multiple timeframes, confirmed by the formation of lower highs and previous structure breaks. Trading volume has increased 64.3% above its average, suggesting greater selling pressure on the asset. With the RSI in neutral territory and bearish momentum validated by the MACD, the outlook focuses on the continuation of the current weakness.
⚖️ Risk/Reward: 1:1.8
⏱️ Timeframe: 15M
💭 A 'BOS' or break of structure indicates that the price has moved beyond a previous level, confirming the direction of the current trend.
#crypto #MEW #trading #Bearish
💡 This analysis is for educational purposes and does not constitute financial advice. Do your own research and make your decision calmly.
