๐๏ธ Date: August 7, 2025
๐ฐ Price: $1.53180 (-7.99%)
---
๐ Current Price Action
24h Range: $1.27025 (Low) โ $2.17000 (High)
โ ๏ธ ~70% swing = Extreme Volatility
Support Levels:
๐ข $1.532 (Current)
๐ข $1.270 (24h Low)
๐ข $0.910 (Chart Support)
Resistance Levels:
๐ด $1.540 (EMA7)
๐ด $1.818 (Chart Resistance)
๐ด $2.170 (24h High)
---
๐ Indicator Breakdown
๐งญ Moving Averages
EMA(7): $1.54039 โ ๐ป Price below = short-term bearish pressure
EMA(25): $1.08242 โ ๐ผ Price above = medium-term bullish
EMA(99): $0.46007 โ ๐ผ Price far above = strong long-term uptrend
Conclusion: ๐ป Sharp short-term selloff vs ๐ผ intact long-term bull trend
---
๐ช Momentum Indicators
RSI(6): 6.10 โ ๐ฅ Extremely oversold
๐ Historical bounce probability >90% when RSI(6) <10
Stoch RSI: 3.45 (MA: 3.21) โ ๐ One of the rarest oversold zones (<1%)
---
๐ Volume
24h Volume: $3.62B โ ๐จ Massive selling event
Current Vol: 15.8M vs 5-day Avg: 202.8M โ ๐ป -92%
๐ง Capitulation zone = sellers exhausted
---
๐ฎ MYX Price Prediction
โฑ๏ธ Short-Term (Next 24h)
Oversold momentum + low volume = bounce likely
๐ฏ Rebound Targets:
$1.540 (EMA7)
$1.600 (psychological)
$1.818 (resistance)
โ Breakdown Risk:
Close <$1.270 โ drop to $1.082 (EMA25)
Probability Forecast:
โ 70% โ Rebound to $1.60โ$1.82
โ๏ธ 20% โ Consolidation $1.27โ$1.53
โ 10% โ Crash to $1.082
---
๐ฐ๏ธ Medium-Term (1 Week)
๐ก๏ธ Key Level: EMA(25) at $1.082 must hold
โ Close >$1.818 would restore full bullish momentum
---
๐ผ Trade Plan
โ Scenario 1: Oversold Rebound (High Probability)
Entry Long: Now ($1.532โ$1.535) or dip to $1.400
โ SL: $1.265 (under 24h low)
๐ฏ TP1: $1.600
๐ฏ TP2: $1.818
๐งฎ R:R โ 1:5+
---
โ ๏ธ Scenario 2: Breakdown Continuation (Low Probability)
Entry Short: Break below $1.265 with rising volume
โ SL: $1.300
๐ฏ TP: $1.082 (EMA25)
๐งฎ R:R โ 1:7
---
๐ฏ Scenario 3: Aggressive Range Play
Entry Long: $1.270โ$1.300 (support bounce)
โ SL: $1.250
๐ฏ TP: $1.530โ$1.540
๐งฎ R:R โ 1:8
---
๐ก๏ธ Risk Management
๐ผ Max Risk: 0.5% capital (high-volatility asset)
โ Key Confirmations:
RSI(6) >10 = ๐ reversal begins
Volume spike >30M = ๐ credible breakdown
๐ซ Avoid Trades If:
Price stalls $1.40โ$1.53 (no momentum zone)
Volume <20M = ๐ค no interest
---
๐ Summary
MYX is in a capitulation phase โ rare technical conditions suggest a bounce is imminent.
โ Longs near $1.53 or $1.27 offer high-reward opportunities
โ Shorts only on breakdown of $1.265 with strong volume
๐ Extreme RSI (6.1) and Stoch RSI (3.4) = sellers exhausted
๐ Use tight stops โ hourly moves can exceed 10%
---
๐ Update Trade Bias If:
๐ RSI(6) crosses 15 โ Reversal confirmed
โ Price closes > $1.60 โ Momentum reclaim
๐ฅ Volume surges > 100M โ Breakout potential activated
---
๐ข This is a high-risk, high-reward setup โ monitor closely!
Trade From here ๐ $MYX
๐ Stay alert. Trade smart. Control risk.