$MYRO H1 (NEW)

General price action analysis and long trading strategy of artificial intelligence:

When I examine the chart, I observe a clear upward trend. Prices are moving forward creating higher lows and higher highs, indicating a bullish trend.

If we look at the price formations, there may be some kind of double top formation between the recent peaks, but this formation is not completed yet. When it comes to candle formations, I see prominent candles with some long shadows indicating expanding volatility and indecision.

I cannot do a volume analysis because there is no volume information included in the chart. Volume can be a critical component in understanding the strength and sustainability of price movements.

Coming to support and resistance levels, I can identify two support and two resistance levels based on current price structures:

Support Level 1: Approximately 0.26028 USDT - This level is in the area where the price is rising after the recent decline and forming a higher low.

Support Level 2: Approximately 0.25033 USDT - This is an important pivot point located above one of the previous lows, allowing a potential resumption of an uptrend.

Resistance Level 1: Approximately 0.29830 USDT - This level stands out as a line connecting the current and past highs, a point where the price has bounced back from this level multiple times.

Resistance Level 2: Around 0.30677 USDT – This is the higher resistance level that the price has tested several times recently and has yet to break through.