#MYX The 50% punitive tariffs from the United States on Brazil are about to take effect!

The entire crypto market is waiting to see how this 'black swan' will flap its wings, and MYX's 1-hour candlestick chart is just stuck at a critical position—downward trend line + monthly support level at $1.24. If this position cannot hold, it will directly result in a waterfall decline!

First, let's look at the technical aspects: MYX is like a boxer standing at the edge of a cliff, with the resistance level of $2.418 above acting like a wall and the support level of $1.24 below being the last line of defense. Recently, the trading volume has shrunk to the size of a mosquito's leg, indicating that both bulls and bears are holding back their moves. Even more concerning, the 5-day, 10-day, and 30-day moving averages are all pressing down from above, creating a typical bearish arrangement, making it difficult to hold this position!

But don’t rush to slam the table, tonight's tariff news is the key variable! The U.S. imposing a 50% tax on Brazil has led Brazil to directly accuse this as 'economic bullying,' and the crypto market has always been afraid of such conflicts between major powers. When Trump announced a 10% tax on BRICS countries in July, Bitcoin plummeted 15% on the same day, and altcoins like MYX dropped so much that even their mothers wouldn't recognize them. Brazil is the fourth-largest cryptocurrency trading nation in the world; if they really retaliate, market sentiment could explode at any moment!

However, there’s one detail: The last time tariff news came out, MYX bounced just as it hit the $1.24 support level, indicating that there is capital defending this position. If MYX can stabilize above $1.24 after the tariffs are finalized tonight, alongside increasing trading volume, it could replicate July's V-shaped reversal; but if it breaks down directly, even the $1 level might not hold!

Personal view: Tonight's operational suggestion is in two steps—

Keep a close eye on $1.24; if it breaks, wait for a rebound to $1.3 to short; if it holds above $1.24, directly enter 20% of your position at the current price, targeting $1.6.

Do you think MYX will break down tonight or make a comeback?

Remember, there are no experts in the crypto world, only 'survivors.' Are you ready to be the 'scythe' or the 'chives'? Let me know in the comments!