$MYX USDT is showing strong bullish momentum after a significant rebound from a recent low. The price action is currently in an uptrend, with green candles dominating the chart. This indicates that buyers are in control and are pushing the price higher.

Key Levels

* Current Price: $11.575

* Resistance: The next major resistance level is around the $11.80 mark, which is the recent high. A breakout above this level could lead to a significant upward move.

* Support: The primary support level is identified around the $10.40 area, where the price found strong buying interest and reversed its downtrend. This level is crucial for the continuation of the bullish trend.

Trade Setup: LONG ENTRY

* Entry Zone: Consider a long entry if the price breaks and holds above the resistance at $11.80. Alternatively, a dip towards the $11.20 - $11.40 area could provide a more favorable entry.

* Targets (TP):

* TP1: $12.50

* TP2: $13.20

* TP3: $14.00

* Stop Loss (SL): A strict stop-loss should be placed below the key support level, for example, at $10.90 to protect against a trend reversal.

Risk Management

* Use proper position sizing.

* Never risk more than 1-2% of your trading capital on a single trade.

* Always set your stop loss to protect your funds.

* Partial profit-taking at each target can secure gains and reduce risk.

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