📢 $MEW / USDT | 🔴 SHORT | ⭐ 74%
🎯 Target: $0.00038096. Will it reach it?
🎯 Trade levels:
🔴 Entry: $0.0003878
🛑 Stop Loss: $0.0003916
🏁 TP1: $0.00038096
🏁 TP2: $0.00037717
🏁 TP3: $0.00037261
📈 Analysis:
The market structure shows a clear downtrend across multiple timeframes, supported by patterns of lower highs and support breaks. Trading volume has increased by 61.3%, indicating greater selling pressure in the market. Additionally, current momentum is weak, and the technical indicator shows a bearish setup, suggesting that sellers remain in control of price direction.
⚖️ Risk/Reward: 1:1.8
⏱️ Timeframe: 15M
💭 A pattern of lower highs occurs when each new peak is lower than the previous one, which often indicates that buyers are losing strength.
#crypto #MEW #trading #Bearish
💡 This analysis is for educational purposes and does not constitute financial advice. Do your own research and make your decision carefully.
🎯 Target: $0.00038096. Will it reach it?
🎯 Trade levels:
🔴 Entry: $0.0003878
🛑 Stop Loss: $0.0003916
🏁 TP1: $0.00038096
🏁 TP2: $0.00037717
🏁 TP3: $0.00037261
📈 Analysis:
The market structure shows a clear downtrend across multiple timeframes, supported by patterns of lower highs and support breaks. Trading volume has increased by 61.3%, indicating greater selling pressure in the market. Additionally, current momentum is weak, and the technical indicator shows a bearish setup, suggesting that sellers remain in control of price direction.
⚖️ Risk/Reward: 1:1.8
⏱️ Timeframe: 15M
💭 A pattern of lower highs occurs when each new peak is lower than the previous one, which often indicates that buyers are losing strength.
#crypto #MEW #trading #Bearish
💡 This analysis is for educational purposes and does not constitute financial advice. Do your own research and make your decision carefully.
