Sell signal on pair $MYX USDT 🛑 🚦

Bearish reversal - strong selling pressure emerging

After testing the resistance level near 1.29, the price of $MYX faced significant rejection and is now sliding below key levels. Momentum has changed, and sellers are regaining control. This setup indicates a potential deeper retracement if support is breached further.

Trading setup (Sell):

Entry area: 1.2450 - 1.2500

Take profit 1: 1.2200

Take profit 2: 1.1980

Stop loss: 1.2705

Market outlook:

The short-term trend is downward after a failed breakout attempt. Momentum indicators show weakening buying strength, while trading volume confirms increased selling activity. As long as the price remains below 1.25, bears will maintain their advantage, with a potential bearish retest of the support area 1.20-1.19. A decisive break of this level could accelerate selling.

#Crypto #MYX #TechnicalAnalysis #Futures #BearishSetup

Buy and trade here on $MYX