š» $MYX /USDT ā Short Setup at Supply Zone
After an explosive parabolic rally, $MYX is approaching a critical supply zone between $1.85 ā $1.50, where strong selling pressure is expected.
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š Short Entry Zone:
$1.85 ā $1.50
šÆ Take Profit Targets:
1. $1.32
2. $1.08
3. $0.91
4. $0.76
5. $0.61+
ā Stop Loss: $1.95 (above supply zone wick)
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š Analysis:
⢠Price up over 1000% ā overheated structure
⢠Bearish divergence forming on RSI
⢠Strong resistance zone ahead
⢠Ideal area for short scalping or mid-term correction
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ā ļø Use proper risk management ā high volatility expected in this zone.