$MEW is sitting around 0.00049871 after falling 12.93%. The short-term structure is under pressure, so I’m watching for stabilization before considering a recovery setup.
Holding around 0.00049000 could give buyers room to respond. A move back above 0.00051000 would improve momentum, while losing 0.00048000 would weaken the setup.
Trade Setup:
Entry Zone: 0.00049000–0.00050000
Take Profit 1: 0.00051500
Take Profit 2: 0.00053500
Stop Loss: 0.00047500
The key will be confirmation rather than forcing an entry.
Holding around 0.00049000 could give buyers room to respond. A move back above 0.00051000 would improve momentum, while losing 0.00048000 would weaken the setup.
Trade Setup:
Entry Zone: 0.00049000–0.00050000
Take Profit 1: 0.00051500
Take Profit 2: 0.00053500
Stop Loss: 0.00047500
The key will be confirmation rather than forcing an entry.