🔻 Pair $MYX /USDT - Short-term Setup After Equivalent Rise of 1300%

The price of $MYX rose from $0.10 to $1.33, achieving gains exceeding 1300%, and is now showing signs of exhaustion with strong volatility and rejection on lower time frames. A short-term correction seems highly likely.

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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 or more

❌ Stop Loss (SL): $1.38 (above the local wick)

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📊 Technical Notes:

• Sharp increase in trading volume at the peak

• Rejection wick on hourly and four-hour charts

• Relative Strength Index in overbought territory - above 90

• Equivalent movements often retrace 50-70% before stabilizing

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📝 Note: High volatility zone - ideal for short speculation with a tight stop-loss limit. Wait for confirmation (e.g., a one-hour candle close below $1.25) to get a stronger entry signal.

$MYX short

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