🔻 Pair $MYX /USDT - Sell Position at Supply Zone
After a strong equivalent rally, pair $MYX is approaching a critical supply zone between $1.85 and $1.50, where strong selling pressure is expected.
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📉 Short Entry Zone:
$1.85 - $1.50
🎯 Take Profit Targets:
1. $1.32
2. $1.08
3. $0.91
4. $0.76
5. $0.61 and above
❌ Stop Loss: $1.95 (above the wick of the supply zone)
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📊 Analysis:
• Price increased by over 1000% - Frenzied structure
• Bearish divergence forming on the Relative Strength Index
• Strong resistance zone ahead
• Ideal area for short speculation or medium-term correction
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⚠️ Use appropriate risk management - high volatility is expected in this area.