🔻 Pair $MYX /USDT - Short Setup After Huge Rise
After a corresponding move from $0.2225 to $0.9780, the MYX pair shows signs of exhaustion and a potential reversal in its trend. The price struggles to regain its highs, and the 15-minute structure indicates the formation of a lower high.
---
🔴 Entry Zone (Sell):
$0.850 - $0.910
🎯 Take Profit Targets (TP):
1. $0.746
2. $0.615
3. $0.485
4. $0.390
5. $0.300 or more
❌ Stop Loss (SL): $0.980 (above the wick's high)
---
📊 Technical Notes:
• A bearish divergence is forming on the Relative Strength Index (RSI)
• High trading volume near $0.9780, indicating price distribution
• Lower highs are forming on smaller timeframes
---
$MYX
📝 Note: Ideal for quick trades or medium-term correction trades. Make sure to manage risk properly - volatility is very high.
$MYX
#CFTCCryptoSprint #BTCUnbound #BinanceHODLerPROVE #BinanceHODLerTOWNS #BTCReserveStrategy