$MYX
*Key Observations:*
1. The price is currently sitting at a crucial support level ($0.0990โ$0.1000), which is also the EMA(99) support. A bounce from this level could indicate a potential reversal ๐.
2. The recent breakdown zone ($0.1065โ$0.1085) is likely to act as strong resistance now, making it a key level to watch for potential shorts ๐ด.
3. The EMA(7) and EMA(25) zone ($0.1135โ$0.1150) is another area of heavy resistance, which could be a challenge for the price to break through ๐.
*Potential Scenarios:*
1. *Bounce from Support:* If the price bounces from the current support level ($0.0990โ$0.1000), it could target the resistance levels at $0.1065โ$0.1085 or even $0.1135โ$0.1150 ๐.
2. *Breakdown:* If the price breaks down below the current support level, it could head towards the next support levels at $0.0865โ$0.0880 or $0.0660โ$0.0680 ๐.
3. *Range-bound:* The price could also continue to trade within a range, bounded by the support and resistance levels ๐.
*Trading Opportunities:*
1. *Long:* A long position could be considered if the price bounces from the current support level ($0.0990โ$0.1000) with strong volume and a clear bullish reversal pattern ๐.
2. *Short:* A short position could be considered if the price rejects at the resistance level ($0.1065โ$0.1085) with strong volume and a clear bearish reversal pattern ๐ด.
What's your trading strategy, and how do you plan to capitalize on these potential opportunities?
