#MYX $SOL
$XRP 4-hour chart of MYXUSDT Perpetual Futures from Binance, here's a technical analysis and buy/sell suggestion for today (August 4, 2025):
📊 Chart Summary:
Current Price: 0.28351 USDT
24h High: 0.36500
24h Low: 0.12380
24h Change: +127.81%
Candle Pattern: Large red candle forming after a sharp pump
Volume: Heavy volume spike, currently decreasing
MA(5): 1.26B | MA(10): 783M (shows recent heavy buying)
⚠️ Key Observations:
The coin has had a parabolic run-up and hit a peak at 0.365, now correcting to 0.283.
The long upper wick on the last green candle suggests strong selling pressure at the top.
The red candle forming now indicates a cool-down or short-term reversal.
The current support level appears around 0.260–0.270 zone.
If broken, it could fall further toward 0.20–0.22.
✅ Buy/Sell Analysis:
🔼 If You're Planning to Buy:
Wait and watch. It’s too risky to enter now after a 127% pump.
Safer entry around 0.20–0.22, if price pulls back more.
Avoid FOMO buying.
🔽 If You're Holding/Planning to Sell:
Consider partial profit booking here at 0.283–0.300.
If you caught the move early, this is a great time to secure some gains.
Full exit above 0.34–0.36 if price rebounds and forms another top.
📌 Strategy Suggestion (Intraday/Short-Term):
Wait for a clear retest of support at 0.260 or breakout above 0.300.
No entry while the red candle is active, unless scalping with tight stop-loss.
Use SL below 0.250 if entering fresh long after pullback.