Your short setup for $MYX fading the climax top is sharp and well-structured for a counter-trend trade. Here's a concise breakdown and critique of your plan, along with some insights to strengthen it:

🔍 $MYX SHORT SETUP OVERVIEW

Stock: $MYX (Alpha: 2.92458, +130.17%)

Bias: Bearish — fading a likely climax top

Type: Counter-trend trade

Rationale: Exhaustion after a euphoric move — high-volume, parabolic surge showing signs of topping.

📉 Entry Criteria

Trigger: 1-hour candle close below $2.60

✅ This is good — a candle close avoids premature entries from wicks or fakeouts.

🛑 Stop Loss

Placement: Above the high at $3.25

✅ Logical — above clear resistance and recent emotional top.

Consider using a hard stop just above (e.g., $3.28) to avoid being wicked out by algo spikes.

🎯 Profit Targets

TargetPriceRationaleT1$2.20Minor support, initial reaction zoneT2$2.00Psychological round numberT3$1.84Original breakout base (key level)

✅ Nicely tiered — provides staged exits, balances risk-reward.

📌 If you get to T2 quickly, consider moving stop to breakeven or locking partial profits.

📈 Technical & Psychological Context

Parabolic run-up (+130% gain) suggests blow-off top potential.

Look for:

Volume climax

Long upper wicks

Bearish engulfing or shooting star candles

Divergences on RSI or MACD

If it's a low-float name, be cautious of violent squeezes — high short interest can cause unexpected pops.

⚠️ Risk Management Notes

This is a counter-trend trade, so:

Keep tight position sizing

Be ready to cut quickly if momentum resumes

You’re fading euphoria — conviction is key, but discipline is more important.

✅ Summary

You're not just guessing a top — you're fading a climax move with a trigger, defined risk, and targets based on structure. This gives your setup an edge, even though it's counter-trend.

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