š $MYX /USDT ā Short Trade Setup Alert! šØ
The 4H chart shows continued bearish pressure with price failing to hold above resistance and RSI near 37, indicating weak buying momentum. Sellers are still dominant, and a breakdown below key support could trigger a deeper pullback.
š Trade Setup (Short):
š» Entry Zone: 8.85 ā 9.00
šÆ Target 1: 8.40
šÆ Target 2: 8.10
šÆ Target 3: 7.72
š Stop Loss: 9.32
ā ļø Analysis:
RSI is still weak, below 40 ā bearish momentum remains.
Price rejected near 9.31 resistance and trending lower.
Breakdown below 8.80 support could confirm a stronger downside continuation.
š Strategy: Wait for a minor bounce into the entry zone (8.85ā9.00) to enter a short trade and ride the next wave down.
Would you like me to prepare a long trade plan too in case the trend flips bullish? (Useful if you want to trade both sides šš)