📈 I just opened a long at $MYX — don't focus on the signal, focus on the analysis.
In the 1H chart, MYX had been falling sharply from $17 to the $12 area, where I had marked a relevant technical support.
🔎 Upon reaching that area, the price began to lose strength, with a clear divergence from the VWAP — it drifted too far away, a typical sign of movement exhaustion.
✅ In the 5M chart, I identified:
— A microstructure change (BOS)
— Technical entry in the golden pocket of Fibonacci from the movement that the marked BOS made in the 5M chart (0.5–0.618)
— Target: the return of the price to the VWAP, where I will take profits.
🧠 Additionally, I left a limit order at $10.5, in case the price drops to seek liquidity with great volatility behind the support, taking out those who have SL in that area — classic Smart Money strategy.
📌 Do not trade blind signals.
Analyze, study, and understand the reason behind each entry.
