🛑🚦 $MYX /USDT – BEARISH REVERSAL ALERT! 📉
After a strong vertical rally, $MYX hit resistance near $1.27 and faced sharp rejection, signaling exhaustion in bullish momentum. Price is consolidating around $1.24, and sellers could take control if $1.25 fails to hold. ⚡
💹 Trade Setup (Short):
Entry Zone: $1.242 – $1.247 ⬇️
Take Profits:
TP1: $1.225
TP2: $1.210
TP3: $1.198
Stop Loss: $1.270 ⛔
📊 Market Outlook:
Momentum is shifting to the downside after buyers failed to hold gains above $1.26.
Breakdown below $1.22 could accelerate bearish pressure.
Only a sustained reclaim above $1.27 would flip sentiment bullish again.
⚡ Key Levels to Watch:
Resistance: $1.27 – major rejection zone
Support: $1.225 / $1.210 – short-term downside targets
Macro Support: $1.198 – potential strong buy zone
💥 Summary:
$MYX shows clear bearish exhaustion after its pump. Short-term traders should watch the $1.242 – $1.247 entry zone for initiating short positions. Manage risk strictly with SL at $1.270 and ride potential declines toward $1.225 – $1.198. Momentum favors the bears until price can reclaim $1.27 decisively.
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