MEW bullish setup with short-term targets and breakout - Expert Analysis | Cryptochase AI
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MEW bullish setup with short-term targets and breakout

Here's my take on MEW (MyEtherWallet) and the short-term setup. The chart shows a bullish tilt and a breakout from a falling wedge, plus resistance. The plan is to look for a quick, smaller-profit move rather than a long-term hold. Entry around 0.00277 and targets near 0.00284, 0.00290, 0.00296, 0.00302, up to 0.00320. Stop at about 0.00265 to limit downside. The plan makes sense if the breakout holds and volume supports the move.
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Analysis

The setup hinges on a confirmed breakout from the falling wedge and a resistance flip. Short-term momentum could carry MEW toward the listed targets if buyers sustain the move and volume stays healthy. Key risk is a false breakout or a quick pullback below the stop. The specified entry and stop help define a risk-managed approach.

Recommendation

If you’re already in a position, consider a small add on a dip toward the entry if the breakout holds. Otherwise, a conservative entry around the breakout level with a tight stop is prudent. Monitor for a sustained move above the resistance and watch trade volume for confirmation. If MEW fails to hold above the breakout, reassess quickly and consider reducing exposure.

Disclaimer

The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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