After a rise to $MYX , a pullback occurred! These two positions are key.
MYX recently rose to 0.97800 and then pulled back, currently in a consolidation phase.
Let the chart do the talking: the support levels to watch are 0.08370 and the lower Bollinger Band at 0.06680. If these two positions can hold, there is still hope for the bulls;
The resistance level is near the middle Bollinger Band at 0.09650, where the upward momentum may be capped.
From a technical perspective, the MACD shows short-term weakness, and the RSI has not reached the oversold zone, indicating that the pullback is not over yet, but there is no need to rush into short positions.
My advice: If you want to go long, wait for the price to drop near 0.08370, and enter when a bottoming signal appears;
If you want to go short, watch near 0.09650. If it can't push higher, consider trying a small short position; if you're unsure, just watch for now and wait for a breakthrough at the key levels before taking action!
Trading is not gambling; relying solely on guessing the direction will eventually lead to a margin call. If you are still losing money, it indicates that you lack a reliable trading strategy. Follow me, and I will guide you daily to catch swings and avoid crashes!
