MyCryptoParadise_Nathan

MYRO: Potential Rally to Key Liquidity Zones!

MEXC:MYROUSDT   Myro / USDT
๐Ÿ’Ž Paradisers, #MYROUSDT has formed a kind of triangle pattern and, in lower timeframes, has shown a Change of Character (CHoCH) towards the bullish market structure, which increases the likelihood of a bullish move.

๐Ÿ’Ž If #MYRO closes a candle above the resistance zone, it will enhance the probability of a bullish move, and then we can target the next liquidity areas like the previous inversion zone or swings.

๐Ÿ’Ž In the case of a pullback, we can anticipate a triple bottom structure from the support level, so a bounce is expected from here. Finding signs of CHoCH towards the bullish side will be better for confirmation, with a small stop loss.

๐Ÿ’Ž However, if a candle closes below the support level, it will invalidate our idea, and in that case, it would be better to wait for more favorable price action to develop.

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