Why I'm Taking a Sell Entry on MYXUSDT
After analyzing the recent move, I’ve decided to take a sell entry on MYXUSDT for several key reasons:
1️⃣ Massive Pump = High Risk
The coin has surged over +55%, which often leads to sharp corrections. Parabolic moves are usually not sustainable for long.
2️⃣ Strong Rejection at Resistance
The price hit the $0.20000 resistance level and failed to break above it. This is often a signal of a reversal or temporary pullback.
3️⃣ Unusual Volume Spike
Sudden heavy volume can be a sign of a potential trap, especially when retail traders are entering late.
4️⃣ Support Is Far Below
If the price drops below $0.165, it could trigger a deeper correction toward lower support zones.
🧠 That’s why I believe a sell entry with a tight stop-loss is currently a smarter and safer play.
📌 What do you think?
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