🔻 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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