$MYX 🪙 MYX Coin Analysis – What Next for Traders?
In the last few hours, MYX coin has shown very interesting signals on the futures market. Let’s break it down with clear data:
🔹 Current Data (1H Chart)
Open Interest (OI): Stable for the last 2 hours (neither increasing nor decreasing).
Basis: -2.29% (indicates futures price trading below spot → bearish tilt).
Funding Rate: -2% (shorts are paying longs → means the market is heavily short-biased).
Price Action: Fell from 0.44 → 0.40 (also recovered from as low as 0.26).
Long/Short Ratio (Accounts): 0.42 (more accounts are short).
Long/Short Ratio (Positions): 1.03 (positions almost balanced, but slightly more longs).
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🔹 Interpretation
1. Stable OI → Market participants are waiting. No new money is entering aggressively.
2. Negative Basis & Funding → Market is heavily bearish, shorts are crowded.
3. Price Reaction → If price holds above 0.40–0.41, short squeeze is possible. If it breaks below 0.38, dump may continue.
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🔹 Trading Plan (Educational Only ⚠️)
Bullish Case (Long Entry):
If MYX closes above 0.41 with volume → Possible move towards 0.44–0.46.
🎯 TP: 0.44–0.46
🛑 SL: 0.39
Bearish Case (Short Entry):
If MYX breaks below 0.38 with confirmation → Dump can extend towards 0.35 or even 0.30.
🎯 TP: 0.35–0.30
🛑 SL: 0.41
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🔹 Conclusion
MYX coin is at a decision zone right now. Both longs and shorts should wait for confirmation. Crowded shorts increase the chance of a squeeze, but if 0.38 breaks, downside pressure will accelerate.
⚠️ Disclaimer: This is not financial advice. Do your own research and manage your risk.
