$MYX Signal】Pullback to Long + 1H Level Strong Support Confirmation



$MYX The 1H level has experienced a massive rally and is now undergoing a healthy volume-reducing pullback, with the price supported above the key EMA20 (0.4194). RSI(1H) at 59.76 indicates that momentum remains bullish. Although the 4H level is still in a long-term downtrend, the latest massive bullish candle has broken the downward channel. Open interest remains stable, suggesting that funds have not significantly withdrawn. The current pullback presents an excellent short-term sniper opportunity.

🎯Direction: Long (Long)

🎯Entry/Order: 0.448 - 0.452 (near current price, staggered entries)

🛑Stop Loss: 0.435 (break below 1H EMA20 and previous support)

🚀Target 1: 0.485 (resistance near previous high)

🚀Target 2: 0.515 (Fibonacci 0.382 extension on 4H level)

🛡️Trade Management:

- Position size suggestion: Light position (Reason: The 4H major trend has not fully reversed, volatility is extremely high)

- Execution strategy: Use staggered take profits. Reduce 50% of the position after reaching Target 1, and move the remaining stop loss to the entry price. If the price strongly breaks through 0.49, move the remaining stop loss to break even and hold for greater gains.

Deep logic: Market depth shows sell orders accumulating in the 0.455-0.465 range, which is the first resistance. The key point is that during the 15%+ pullback from the high of 0.546, open interest remains stable and there is no panic closing of long positions. This suggests that the main players may be supporting the price or accumulating. The 1H RSI has fallen from overbought territory but has not weakened, combined with decent buy-side depth, making the pullback an opportunity.

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ybaservip
· 12h ago
Buy To Earn 💰️
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