On-chain stagnant water flooding! $MYX with no whale support plummets to 0.1022 abyss?
MYX's decline has smashed through the middle Bollinger Band and is heading straight to the lower band, with the 1-hour MACD showing a death cross underwater and lengthening green bars. The KDJ three lines are lying dead in the oversold area, becoming dull, and the Bollinger Bands are opening downward, indicating a clear bearish trend. The price is stuck at $1.129 with a 6% drop,
There are no whales on-chain buying the dip and no project team support news. Technically, the psychological barrier at $1.0 is the last line of defense. If it breaks, we will directly look at the main capital cost area of $0.1022,
Do not catch falling knives in spot trading. Contract traders should set up short positions around $1.12 for a rebound, with stop-loss at the upper Bollinger Band of $0.2286 to prevent spikes. Bulls should at least wait for a stabilization and volume increase at $1.0 before considering.
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