$MYX /USDT Trade Setup
Market Insight:
$MYX has seen huge volume (1.08B MYX) but only a +0.11% price change, signaling heavy distribution or consolidation. Price is currently near the lower Bollinger Band (0.11742), suggesting possible support or a breakdown risk.
Entry:
$0.116 – $0.119
Entry near or just above lower Bollinger Band. A good spot if price stabilizes and forms a base.
Targets:
Target 1: $0.127 (Bollinger Middle Band / mean reversion)
Target 2: $0.132 (short-term resistance)
Target 3: $0.138 – $0.141 (recent high/Bollinger upper band)
Stop Loss:
$0.112
Below local support levels and just under recent low of $0.11305.
Key Levels:
Support: $0.112 / $0.102
Resistance: $0.127 / $0.132 / $0.141
Pivot: $0.1278 (Bollinger MB)
Pro Tip:
Given the high volume and tight price range, a volatility breakout is imminent. Monitor closely—if price holds above $0.119 with increasing volume, the bounce toward the mid-band ($0.127) is likely. Ideal for a mean-reversion swing or breakout momentum trade above $0.127.
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