Cryptocurrencies Technical Analyst

$MYX
Price Action & Technical Indicators (1H Chart)
Current Price: $1.976 (+11.76%)
• 24h High: $2.1319
• 24h Low: $1.4550
Trend:
• Strong bullish momentum in the last few hours, price recovered from $1.3758 low on Aug 7 to near $2.00.
• Breaking above 1.8372 resistance zone and heading towards the psychological level of $2.00.
Parabolic SAR:
• Dots are now below the candles → confirms bullish bias.
Moving Averages (MA5 & MA10):
• MA(5) has crossed above MA(10) → short-term bullish crossover.
• The price is trading well above both MAs, suggesting upward momentum.
Volume:
• Recent green candles accompanied by increasing volume → bullish volume confirmation.
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2. RSI (Relative Strength Index)
• RSI(6): 87.20 → Overbought (risk of short-term pullback).
• RSI(12): 70.11 → Entering overbought territory.
• RSI(24): 60.17 → Still neutral-bullish.
Interpretation:
• Momentum is very strong, but short-term traders may take profits soon. A small correction to $1.90–$1.88 range is possible before continuation.
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3. MACD (Moving Average Convergence Divergence)
• MACD Line above Signal Line with increasing histogram bars → Bullish crossover confirmed.
• Momentum increasing, no immediate sign of weakness.
4. Funding Rate Analysis

Recent Funding Rates:
• Spiked negative around 13:00–15:00 (Aug 8):
• 15:00 → -0.2424% (price $1.8743)
• 14:00 → -0.1833% (price $1.7928)
• 13:00 → -0.0552% (price $1.7646)
Meaning:
• Negative funding means shorts are paying longs, suggesting more traders were shorting during that period.
• However, price went up sharply afterward → short squeeze effect.
5. Key Levels to Watch
Resistance:
• $2.00 (psychological & recent breakout zone)
• $2.13 (24h high)
• $2.17 (next major resistance)
Support:
• $1.90 (recent breakout retest zone)
• $1.83 (previous resistance)
• $1.67 (stronger support area)
6. Outlook
• Short-term: Likely small pullback or sideways consolidation near $1.95–$2.00 due to overbought RSI.
• Mid-term: If price holds above $1.90, potential retest of $2.13 and break towards $2.17.
• Bearish Scenario: If it drops below $1.83, correction toward $1.67 likely.
7. Trading Plan Ideas (Not Financial Advice)
• Aggressive Long: On dips to $1.90–$1.88 with stop-loss under $1.83, target $2.13–$2.17.
• Breakout Long: Above $2.13 with high volume, target $2.17–$2.25.
• Short-term Short: If RSI remains >85 and price stalls at $2.00–$2.03, short toward $1.92–$1.90.
#EngrsAnalysis
#MYXUSDT

$MYX
Price Overview
As of the latest update, MYXUSDT is trading around $2.00, posting an impressive +50% intraday gain. Following a strong rally from the $0.815 low, price action is currently consolidating within a symmetrical triangle formation — a technical pattern that often precedes a breakout.
Technical Pattern: Symmetrical Triangle
A symmetrical triangle is forming with:
Resistance zone: $2.07 – $2.10Support zone: $1.94Higher lows and lower highs converging toward an apex.The pattern emerged after a sharp bullish move, suggesting a continuation bias to the upside if resistance breaks.Breakout Scenarios:
Bullish BreakoutBreak above $2.07–$2.10 with high volume.Measured target: $2.85–$2.90 (based on triangle height projection).Could trigger a short squeeze due to extreme short positioning.Bearish BreakdownBreak below $1.94 with strong selling pressure.Measured target: $1.12 (triangle height subtracted from breakdown point).Volume & Momentum Indicators
Volume: Decreasing during consolidation, typical before a breakout.
RSI: Around 56–60, indicating neutral momentum with room for further upside.MACD: Flat, awaiting a signal line cross in the breakout direction.Funding Rate Analysis
The funding rate history for MYXUSDT over the past 12+ hours shows persistent negative values, often at the maximum floor of -2.0000%.
Implications:
Negative funding = shorts paying longs → market skewed toward short positions.Heavy short positioning during consolidation near highs increases short squeeze risk.Price resilience despite high short interest signals underlying bullish strength.Market SentimentTechnicals: Neutral-to-bullish bias due to consolidation after a rally.Derivatives Data: Bearish positioning from traders (negative funding rates) may fuel an upside breakout if shorts are forced to cover.Key Levels to Watch
Upside breakout trigger: $2.07–$2.10
Bullish target: $2.85–$2.90
Downside support: $1.94
Bearish target: $1.12Conclusion:MYXUSDT is at a pivotal technical juncture. The symmetrical triangle pattern suggests a major move is imminent. With funding rates deeply negative, the market is heavily short-biased, creating the conditions for a powerful short squeeze if bulls push through resistance.
However, a failure to hold $1.94 could flip sentiment bearish, targeting significantly lower levels.
Traders should watch for volume spikes and decisive candle closes beyond the key breakout levels for confirmation.
#BinanceHODLerPROVE #EngrsAnalysis
#BuiltonSolayer

How I Got Liquidated: A $27,000 Lesson in Futures Trading
Introduction
Futures trading can be an incredible opportunity for profits, but without proper risk management, it can lead to catastrophic losses. I recently faced one of the most painful lessons of my trading journey—getting completely liquidated, losing nearly $27,000 in the process.
I made a series of trades that seemed logical at the time:
• Long on TST Coin, GPSCoin, and 1000Cheems when they were newly launched.
• Short on BNX, expecting a price drop before its delisting, especially since 97.10% of BNX was held by just 10 accounts—a major red flag for manipulation.
• Betting on the “Trump Season” narrative, believing that the market would pump following Trump’s Washington, D.C. digital assets conference.
Unfortunately, instead of profits, my account got completely wiped out. This article breaks down what went wrong, the mistakes I made, and the lessons I’ve learned to avoid liquidation in the future.
Why I Got Liquidated
1. Overconfidence in Market Narratives
I based my trades heavily on speculation rather than technical and fundamental analysis.
• Trump’s digital assets conference was expected to bring bullish sentiment, but the market did not react as I had anticipated.
• I assumed BNX’s upcoming delisting would drive prices down sharply, but the market had already priced in the news.
Relying too much on news events without analyzing price action and liquidity led me to make poor trade entries.
2. Poor Risk Management & Overleveraging
• I took high-leverage positions, hoping for massive gains.
• No stop-loss—I kept believing the market would turn in my favor, which never happened.
• Futures trading liquidates your position once your margin runs out. Since I was overexposed, small price movements against my position caused rapid losses.
3. Trading New Coins with High Volatility
• TST Coin, GPSCoin, and 1000Cheems were newly launched, meaning they had low liquidity and high volatility.
• Early-stage coins are unpredictable, and I underestimated the risk of sharp price swings and manipulation.
4. Misjudging Market Timing
• I shorted BNX thinking it would crash before delisting, but the timing was off.
• Markets can stay irrational longer than you can stay solvent—even if my logic was right, my timing was completely wrong.
How to Avoid Liquidation in the Future
1. Never Overleverage
• Stick to 3x-5x leverage instead of going all-in on 20x+ positions.
• Smaller leverage = more breathing room to survive price fluctuations.
2. Always Use Stop-Loss Orders
• Predefine your risk—never risk more than 1-2% of your capital per trade.
• Even if the trade is promising, set a stop-loss to minimize damage if the market turns.
3. Don’t Trade Based on Speculation Alone
• Check liquidity, volume, and market trends before entering a trade.
• Just because a coin is being delisted or discussed in the media doesn’t mean it will move in a predictable direction.
4. Avoid Low-Liquidity, Newly Launched Coins
• New coins have wild price swings, often driven by whale manipulation.
• Wait for stability before making leveraged trades on them.
5. Secure Partial Profits
• Instead of waiting for a full price target, take partial profits as the trade moves in your favor.
• This reduces risk exposure and protects capital.
6. Stick to Risk-Managed Strategies
• Diversify your trades instead of going all-in on a few speculative bets.
• Use strategies like dollar-cost averaging (DCA) instead of placing one huge position at once.
Final Thoughts
Losing $27,000 in a single week was painful, but it also gave me the most valuable lesson in trading: Risk management is everything.
In the future, I will:
✅ Limit leverage to avoid fast liquidation.
✅ Use stop-loss orders to protect my capital.
✅ Avoid overexposure to new coins and speculative narratives.
✅ Diversify my trades and take partial profits.
To all traders: Learn from my mistakes before they happen to you. No matter how confident you are in your trade, always respect the market and manage risk wisely.
Would love to hear from fellow traders—have you ever faced liquidation? What lessons did you learn? Share your thoughts in the comments below!
$GPS

$TST
$1000CHEEMS
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