📉 MYX/USDT Daily Analysis — Sharp Pullback After Rally, Sentiment Mixed
MYX is currently trading at 1.6857 USDT, down -17.32% on the day. After reaching a high of 2.4180, price has pulled back sharply, indicating profit-taking and short-term exhaustion.
🔍 Trend Structure:
- EMA(34): 0.96797 — price still well above, confirming long-term bullish trend
- The large red candle signals a potential shift in short-term momentum
📊 Momentum Indicators:
- MACD: Weakening (DIF 0.43571 > DEA 0.40264, MACD 0.03307)
- RSI(6): 64.40 — cooling off from overbought levels
MACD is still positive but fading, and RSI dropping from 70+ suggests momentum is slowing. A further drop below 60 could confirm bearish pressure.
---
📈 Long vs Short Sentiment & Win Probability (via CoinGlass):
- Long/Short Ratio (Accounts): ~55% Long vs ~45% Short
- Top Traders Long/Short (Positions): ~52% Long vs ~48% Short
- Win Probability Estimate:
- Longs: ~52–55% chance of winning
- Shorts: ~45–48% chance of winning
💡 Interpretation:
Sentiment is still slightly long-biased, but the sharp price drop suggests shorts may gain control if support breaks. Traders should watch for stabilization or reversal signals before re-entering.
---
📌 Key Levels:
- Resistance: 1.90 → 2.20 → 2.41
- Support: 1.50 → 1.30 → 1.00
If MYX holds above 1.50, the bullish structure remains intact. A break below 1.30 could trigger deeper correction.
---
⚖️ Summary:
- ⚠️ Sharp pullback after strong rally
- 🔄 Sentiment slightly favors longs (~55%)
- 📉 Short-term caution — wait for confirmation before re-entry
---
📣 Thinking of taking profit or holding?
“Should I take profit now or let it run?”
Follow me and let’s win together! 🚀