📉 MYX Trade Setup: Short Continuation 🚨
📝 Key Levels and Parameters
Trade Type: Short (Sell)
Entry (Short): Market Price (≈2.719 based on your signal)
Stop Loss (SL): 2.813
Take Profit 1 (TP1): 2.488
Take Profit 2 (TP2): 2.356
The trade thesis is that MYX is succumbing to selling pressure and is expected to break below immediate support levels, leading to a strong push down toward the low targets.
🛡️ Risk and Profit Management
Risk Per Trade: The risk distance is 2.813−2.719=0.094. This is the maximum risk per share/token.
Profit Lock Action: Once the price successfully hits TP1 (2.488), you must immediately move your Stop Loss down to your Entry Price (≈2.719). This action secures a risk-free trade for the final push toward the lower target (TP2).
Risk/Reward Ratio (R:R): The potential reward to TP2 is 2.719−2.356=0.363. The R:R is 1:3.86, which is a strong ratio, making the potential reward significantly larger than the risk.
