Mewlong — Trading Ideas on TradingView

MEWUSDT Breakout! Rounded Bottom Reversal and Key Retest Zone!MEWUSDT has officially broken out of a long-term descending trendline that has capped price action since December 2024. The formation of a Rounded Bottom (Cup) suggests a strong accumulation phase and potential for trend reversal. The current retest of the breakout zone will be crucial in determining the next big move! --- 🔍 Technical Analysis Details: 1. Chart Pattern: A clear Rounded Bottom (Cup) pattern has formed, often signaling a bullish reversal. Price has broken through the descending trendline, and is now retesting the breakout zone (highlighted in yellow), which previously acted as resistance and is now turning into key support. 2. Resistance Levels (Upside Targets): ⚡ 0.004105 – First breakout point 🟡 0.006491 – Mid-level resistance 🟡 0.007725 – Previous local high 🟡 0.009970 – Strong resistance zone 🔵 0.012214 – Psychological resistance 🔵 0.012936 – Major swing high 3. Key Support Levels: 🟡 0.003200 – Current demand zone (yellow box) 🔵 0.001614 – Historical bottom --- ✅ Bullish Scenario: If MEWUSDT holds above the 0.0032–0.0041 support zone and confirms it as a new base: 🎯 Target 1: 0.00649 🎯 Target 2: 0.0077 🎯 Higher targets: 0.0099 up to 0.0129 This breakout may be the start of a strong bullish rally, especially if accompanied by increasing volume. --- ⚠️ Bearish Scenario: If price fails to hold the breakout zone and falls back below the trendline: Price may revisit 0.0026 – 0.0020 support Further weakness could push it back to the 0.001614 historical low --- 🧠 Conclusion: MEWUSDT is showing early signs of a bullish reversal after breaking out of a long-term descending trendline and forming a rounded bottom pattern. The current retest zone is critical — holding this level could confirm the start of a bullish trend with multiple upside targets. #MEWUSDT #CryptoBreakout #TechnicalAnalysis #Altcoins #MemeCoin #CryptoTrading #BullishSetup #RoundedBottom #TrendReversal #SupportAndResistance

MEW/USDT Ready to Explode? Major Breakout from Symmetrical!After weeks of tight consolidation, MEW/USDT is showing signs of a major breakout from a well-formed Symmetrical Triangle pattern on the 2D time frame. This could mark the beginning of a powerful expansion phase if confirmed by volume and price action. 🔍 Pattern Analysis & Technical Structure Main pattern: Symmetrical Triangle – a classic formation characterized by lower highs and higher lows, indicating a battle between buyers and sellers before a major move. MEW has now broken through the triangle’s descending resistance line, signaling that buyers may be taking control. The breakout occurred near the apex of the triangle, which often leads to explosive moves. 🟢 Bullish Scenario: Multi-Stage Upside Potential If the breakout holds and gains confirmation (via volume or a successful retest), the next potential price targets are: 1. Initial Target: 0.0049 – nearest horizontal resistance and previous reaction level. 2. Mid Target: 0.0070 – measured move based on the height of the triangle from base to breakout. 3. Major Target Zone: 0.0090 – 0.0130 – previous distribution zone and high-confluence resistance. 📈 Upside potential exceeds +300% from current price if all bullish targets are hit! 🧠 Note: Symmetrical triangle breakouts are known to result in strong momentum-driven rallies, especially if supported by a rise in volume and broader market sentiment. 🔴 Bearish Scenario: Watch for Fakeout Risk Despite the breakout, there’s always a risk of a false move: If MEW fails to hold above the 0.0032 breakout zone and falls back inside the triangle, it may signal a bull trap. A breakdown below the ascending support line could open the door for deeper downside: Support Level 1: 0.0025 – recent accumulation base. Support Level 2: 0.0016 – major low and strong demand zone. Losing these levels would invalidate the current bullish setup. ⚙️ Key Confirmation Signals: Volume: A breakout with strong volume = high conviction. Low volume = higher fakeout risk. Successful Retest: A bounce from the breakout zone confirms strength and may provide a solid long entry. Macro Sentiment: Watch Bitcoin dominance and market mood to confirm sustainability. 📊 Quick Technical Summary: Pattern: Symmetrical Triangle Breakout Level: 0.0032 Short-Term Trend: Bullish Mid-Term Outlook: Neutral → Turning Bullish (if confirmed) Key Resistance Levels: 0.0049 – 0.0070 – 0.0090 – 0.0129 Key Support Levels: 0.0025 – 0.0016 💬 Final Thoughts: MEW/USDT is at a make-or-break moment. A validated breakout from this triangle could kick off a massive uptrend. But as always, stay alert to false breakouts — proper risk management is essential. 📌 Don’t just chase the breakout — watch the retest, volume, and broader context. #MEWUSDT #MEWBreakout #SymmetricalTriangle #CryptoBreakout #AltcoinSetup #TechnicalAnalysis #TradingView #CryptoChart #BullishPattern #BreakoutAlert

#MEW/USDT #MEW The price is moving in a descending channel on the 1-hour frame and is sticking to it well We have a bounce from the lower limit of the descending channel and we are now touching this support at a price of 0.007820 We have a downtrend on the RSI indicator that is about to be broken, which supports the rise We have a trend to stabilize above the moving average 100 Entry price 0.008400 First target 0.009337 Second target 0.009965 Third target 0.010845

$MEW: The Bullish Breakout We’ve Been Waiting For!Massive Signal for $MEW! 📈 If you don’t see it, I don’t know what to tell you. I’ve analyzed multiple timeframes, and the bi-weekly one shows the strongest potential. We’re seeing strong movement off the current POC with a nice bullish expansion bar right at the end. The last thing we need is a close above $0.00666, which should trigger even more upside. If October turns out to be a bullish month like it usually does, this one will have no problem firing a stronger candle for next month. Targets are $0.015 and $0.045. Let’s get it! 🚀

MEW target 0.00953 4h time frame - Entry: $0.004 TP: $0.00953 SL: $0.003375 RR: 8.88 - (1) Creating an ascending channel pattern (2) Getting support on the channel bottom again, also a great entry (3) Target is set at the channel top based on time and space analysis (4) Fib extension 1.13 provides the same target as (3) at $0.00953 (5) Stop loss once going below $0.003375