$MYX Enters Danger Zone? ā ļø RSI Nears 97!
The $MYX saga continues with another unbelievable surge, smashing through $17 to a new all-time high! š¤Æ While the gains are historic, the daily chart is now flashing a major warning signal that traders should not ignore. This has become a maximum-risk, maximum-volatility scenario. š„
š¹ Parabolic Move: $MYX has gone vertical on the daily chart, trading near $17.02 after peaking at $17.30. This type of price action is historically unsustainable.
š¹ Extreme Indicator: The daily RSI has hit an unprecedented level of 96.98. An RSI this high indicates extremely overbought conditions, historically suggesting a significant correction or pullback is highly probable.
Disclaimer: This content is for educational and informational purposes only.
Can a coin defy such extreme indicators, or is a major correction inevitable? What's your strategy here? š§
