MYX Market Trend: Bullish, Consolidating After Gains
Trade Signal
Entry 1: $1.7089 (Current zone - for continuation if it holds)
Entry 2: $1.6798 (Buy on pullback towards the middle band)
TP1: $1.7677
TP2: $1.7800
TP3: $1.7950
TP4: $1.8100
Stop-Loss: $1.5900 (Below recent strong support)
Why This Trade?
MYX has shown a clear upward trend, consistently maintaining its price above the middle Bollinger Band. The bands have expanded upwards, indicating strong bullish momentum. The current slight consolidation is a healthy pause after recent gains, suggesting it might be preparing for another move higher.
Support & Resistance Levels
Support: $1.6798 • $1.6500 • $1.6200
Resistance: $1.7677 • $1.7800 • $1.7950
Market Update for MYX (MYX)
MYX is currently displaying positive momentum, with prices consolidating after a period of gains. Volume is moderate, indicating some continued buyer interest. The overall market sentiment for MYX is bullish, with traders anticipating further upward movement if current support levels hold
