$MYX ✅ Positive Indicators (Indicate a Possible Uptrend):
1. RSI Indicator (6) at 53.98:
Still in the neutral zone and leaning upward, meaning there is no overbought or oversold condition.
2. MACD Indicator:
The golden line (DIF) is above the pink line (DEA), indicating a positive crossover.
The green bars indicate buying momentum that has started to appear.
3. Stochastic RSI Indicator:
Values (K=68.03, D=67.49, J=69.13) show proximity to the overbought zone, but have not entered it yet, which may mean that the upward momentum could continue for some time.
4. Williams %R = -32.25:
Located in the area between -20 and -80, which is a neutral zone, but close to -20 (indicating a potential entry into the overbought zone).
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❌ Negative Indicators (Indicate Caution):
1. Price is down by -23.37%:
This indicates a significant drop that occurred during the session, and there may be a correction coming or a temporary rebound.
2. OBV (On-Balance Volume) = -108 million:
Indicates a large outflow of liquidity in the past, but a reversal is possible if the buying momentum continues.
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🔍 Summary:
The short-term trend appears to be bullish based on the RSI, MACD, and Stochastic RSI indicators.
However, due to the significant previous drop (-23%), what is happening might be a temporary rebound rather than a strong and stable uptrend.
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✅ My Advice:
If you are in the trade at a low price, you can hold for now while monitoring the upcoming resistance.
Set a clear stop loss below the nearby support to avoid an unexpected negative rebound.