Analysis - #MEW is currently trading at support of ascending channel, a key area for potential price action. This level often acts as a strong buy zone 💪, with the possibility of a rebound toward the channel's upper resistance. (image attached below)
Ascending channel Pattern - It is continuation pattern that is strongly indicative of bullishness. They suggest that a trend has been established that will likely continue moving forward.
However, a #breakdown below support could signal a bearish trend reversal.Risk management with a stop-loss below the support is crucial.
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TRADE SUGGESTION BASED ON ANALYSIS
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Buy@ 0.0089- 0.0093
Sell Targets - 0.0115 , 0.0125 , 0.0137
Leverage ( 3x-5x ) Recommended
Allocation- 5% of capital
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●Disclaimer: The following post reflects my personal opinions and is not intended as investment advice . Please conduct your own research and analysis before making any trading decisions.
