🚀 MIRA testing major support… compression phase forming
(MIRA/USDT)
Direction: Support Reaction Setup
Current Price: $0.0863
24H Change: -9.73%
24H High: $0.0997
24H Low: $0.0836
MA(7): $0.0917
MA(25): $0.0920
MA(99): $0.0897
Updated Trade Plan:
Entry Zone: $0.0840 – $0.0880
Stop Loss: $0.0795
Targets:
TP1 $0.0935
TP2 $0.0990
TP3 $0.1050
Why this setup:
Price has corrected below MA(7) and MA(25), showing short-term bearish pressure. However, it is now trading very close to MA(99) around $0.0897, which often acts as dynamic support in trending markets. The $0.083–$0.085 area is becoming a key reaction zone.
Volume has cooled compared to previous expansion, suggesting the move is more of a retracement than a full structural breakdown for now. If buyers defend this support and reclaim $0.092, momentum could rotate back toward the $0.099–$0.105 liquidity pocket.
A clean breakdown below $0.083 would shift bias more bearish short term.
Stay disciplined and manage risk properly.