🔻 $MYX /USDT – Short Setup After 1300% Parabolic Rally
$MYX pumped from $0.10 to $1.33, gaining over 1300%, and is now showing exhaustion signs with heavy wicks and rejection on lower timeframes. A short-term correction looks highly probable.
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🔴 Short Entry Zone:
$1.28 – $1.33
🎯 Take Profit Targets (TP):
1. $1.10
2. $0.92
3. $0.75
4. $0.61
5. $0.49+
❌ Stop Loss (SL): $1.38 (above local wick)
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📊 Technical Notes:
• Massive volume spike at top
• Rejection wicks on 1H and 4H charts
• RSI extremely overbought — above 90
• Parabolic moves often retrace 50–70% before stabilizing
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📝 Note: High volatility zone — ideal for short scalps with tight SL. Wait for confirmation (e.g., 1H candle close below $1.25) for stronger entry signal.
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