MYX/USDT: Sharp Pullback or Just a Healthy Reset?
MYX is currently trading at 1.55838 USDT, down -7.34% on the day — a notable correction after recently peaking at 2.35555 USDT. Despite the drop, momentum indicators still show strength, suggesting this could be a cooling-off phase rather than a trend reversal.
📊 Technical Snapshot:
- EMA(34): 0.54330 — price remains well above, confirming bullish structure.
- MACD: Positive (DIF 0.39050 > DEA 0.23639) — momentum still intact.
- RSI(6): 80.08 — overbought zone, signaling potential short-term exhaustion.
- Volume: 2.53M — decent activity, but watch for spikes on reversal.
The recent surge pushed MYX into overbought territory, and today’s pullback could be a natural pause. Price is still far above the EMA(34), which acts as a dynamic support zone.
📈 Key Levels:
- Resistance: 2.35555 (recent high)
- Support: Watch for reactions near 1.30–1.40 zone — potential bounce area.
🔍 What to watch:
- RSI cooling off = possible dip-buying setup.
- MACD crossover = confirmation of trend continuation or reversal.
- Volume spikes = signal of renewed interest.
💬 Your take:
Is MYX just catching its breath before another leg up?
- 🟢 A) Bounce incoming
- 🔴 B) Deeper pullback ahead
- ⚪ C) Sideways consolidation
Drop your vote and share your invalidation level — where would you flip your bias?
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Volatility is opportunity — but only if you’ve got a plan. Don’t chase green candles. Wait for clarity, then strike. 🎯📊