#MYRO SURGES A 96.07% INCREASE AFTER REBOUNDING FROM ONE SPECIFIC KEY LEVEL!
A lot of traders don't take time to identify specific key levels that will most likely keep an altcoin's price from breaking down. There are also those who don't have a clue on how to spot them. Thus, we are here to help with analyzing where it would be best to list all the potential key levels that may cause another bounce.
For #MYRO's situation, we have assessed a specific key level where it would most likely bounce. This key level is 0.060 where the previous major resistance was broken last year. Taking this into account and calculating the previously broken major resistance as a new established support has produced a significant result. There are also notable factors that have made us take this into consideration. Such as the weakening selling pressure at the demand area and increasing interest as shown by the volume of MYRO at those levels. Therefore, it would be best to have an insight on how a specific key level could affect the possibility for a bounce of an altcoin and how it could also have an impact to trader decisions.
These posts are for educational purposes. To guide the people who might still be struggling within the crypto market, those who are new to the environment and volatility and everyone else who needs it.
Stay wise, trade cautiously.