#CryptoTrading. #TechnicalAnalysiss #Signal🚥.

📊Technical Analysis (1 hour) $MYX /USDT

1. Price and Trend: The current price is 14.841 USDT with an increase of +56.25%. The chart shows a strong uptrend, supported by the sharp increase in price over the recent period.

2. Bollinger Bands (20, 2): The price (14.841) is approaching the upper limit of the Bollinger Bands (14.934), which may indicate overbought conditions. The middle line (11.638) and the lower line (8.341) confirm a wide range of fluctuations.

3. Volume: Trading volumes increased to 1.799 million, which supports the upward movement. The peak of the volume coincides with the sharp increase in price.

4. MACD: MACD (0.3883) with a positive value and crossing the signal line (DEA 0.8365) indicates a bullish trend, although the difference is small, which may signal a possible correction.

5. Stochastic RSI: Both indicators (100,000) are in the overbought zone, which may signal a possible reversal or correction.

6. Open Interest (OI): The growth of OI (5.42M) together with the price indicates new capital entering the market, supporting the upward trend.

⚠️Conclusion: The current trend is up and is supported by volumes and OI. However, high values ​​of Stochastic RSI and approaching the upper Bollinger Bands may signal a risk of correction. It is recommended to watch the resistance level near 14.934 and a possible reversal in overbought.

Buy Signal: 🟢

• Condition: MYX/USDT price will drop to the support level near 11,638 (average Bollinger Bands) with increasing volumes.

• Target: 14,934 (upper Bollinger Bands).

• Stop Loss: 10,500 (below recent low).

Sell Signal: 🔴

• Condition: Price will reach 14,934 (upper Bollinger Bands) and Stochastic RSI will remain in the overbought zone (above 80).

• Target: 11,638 (average Bollinger Bands).

• Stop Loss: 15,500 (above recent high).