$MIRA Analysis: Is the "Boiling Frog" Pattern Playing Out? 📉
We’re seeing
$MIRA struggle after its recent attempt to hold the 0.11 level. The current structure looks like a classic distribution phase where every pump is being met with heavy selling. With the recent token unlock for core contributors, the supply side is heavily weighted.
The Strategy:
Direction: SHORT
$MIRA Entry Zone: 0.096 – 0.105 (Looking for rejections in this range)
Target 1: 0.085 (Critical support test)
Target 2: 0.075 (Recent reaction low)
Stop Loss: 0.115 (Above the recent distribution peak)
Logic: Technical indicators on the 4H timeframe show a bearish bias with the 50-day and 200-day moving averages acting as overhead resistance. We are trading the "falling knife" momentum while major players appear to be offloading.
#MIRA #CryptoTrading #BinanceSquare #ShortSignal #AltcoinAnalysis