MYX Finance ($MYX has been one of the most talked-about tokens in the crypto space recently, surging over 1,400% in just a week and reaching an all-time high of $18.42. Currently trading around $13.02, the token is experiencing significant volatility, with a 24-hour trading range between $10.97 and $18.95.

Trade Setup:

• Entry: $13.00–$13.40

• Target 1: $16.20

• Target 2: $21.00

• Target 3: $28.93 (Fibonacci extension)

• Stop-loss: $10.00

• Invalidation: Close below $9.00

Analysis:

The recent rally in MYX has been fueled by high-profile listings and speculative interest, but analysts caution that the token may be entering a correction phase. Despite this, the Smart Money Index remains bullish, indicating that informed investors are still accumulating MYX. Key support levels are at $16.61 and $15.35, while resistance is near $19.20.

Given the current market dynamics, a strategic entry near $13.00–$13.50 could offer favorable risk-reward opportunities, with potential targets up to $28 However, it’s essential to remain vigilant for signs of further correction and adjust positions accordingly.

As always, conduct thorough research and consider your risk tolerance before making investment decisions.