$MEW /USDT 4H Trade Setup

Market Insight:

$MEW is currently trading at 0.003947 (-7.35%), showing a short-term pullback after testing resistance near 0.004273. The price is now below the 7/25 MA and approaching the 99 MA support at 0.003867, signaling a potential bounce zone if volume sustains.

Entry Zone:

🟢 0.00385 – 0.00393 (near 99 MA support)

Targets:

🎯 Target 1: 0.00405 (minor resistance + MA confluence)

🎯 Target 2: 0.00420 (recent rejection zone)

🎯 Target 3: 0.00434 (local top from July 20)

Stop Loss:

🔻 0.00373 (below last demand wick and volume support)

Key Levels:

Support: 0.00387 / 0.00374 / 0.00359

Resistance: 0.00405 / 0.00420 / 0.00434

MA Levels: MA(7): 0.00406 | MA(25): 0.00409 | MA(99): 0.00387

Pro Tip:

Watch the 99 MA closely — a bounce here with increased buy volume could trigger a reversal to test the 0.00420–0.00434 zone. Avoid chasing if price reclaims MA(7) without retesting the entry zone.

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