MEW UPDATE

#MEWUSDT Alert: Symmetrical Triangle Setup—Big Move Ahead? 📈

MEWUSDT is forming a symmetrical triangle on the 7-hour chart, signaling a potential breakout soon. Here’s what to keep an eye on:

Key Insights:

1️⃣Symmetrical Triangle Pattern: MEWUSDT is consolidating within a symmetrical triangle, indicating indecision in the market. This pattern often leads to a strong breakout, so the next move could be significant!

2️⃣Critical Levels:

Support: The lower trendline support is around $0.00357. Holding this level is crucial for a bullish scenario.

Resistance: The upper trendline near $0.00498 is the immediate resistance. A breakout above this level could see MEW targeting $0.00601, $0.00741, and possibly reaching up to $0.00855.

3️⃣ Possible Scenarios:

Bullish Breakout: If MEW breaks above the upper trendline, we could see a surge towards the next resistance zones and beyond.

Bearish Breakdown: If the support fails at $0.00357, we might see a dip towards lower support levels like $0.00311 or even $0.00270.

🔥What to Watch: A breakout in either direction could set the tone for the next major move. Keep an eye on the key levels to determine if MEW is gearing up for a rally or facing a pullback.