【MYX Signal】Long: 4H Volume Breakout + Short Squeeze Structure

Price broke through the key resistance at 0.3628 with a massive volume of 60.5M (previous 6.5M) on the 4H K-line at 04:00 (UTC), closing at 0.4357, up 22.5%. Open Interest (OI) remained stable at the high of 24.1M USD without declining due to the surge, confirming new capital inflow rather than position closing. 1-hour RSI reached 88.71, showing overbought conditions, but the buy/sell ratio reached 0.53 during the breakout period, with active buying dominating.

🎯Direction: Long

⚡Entry: 0.4650 - 0.4710 (near current price or slight pullback)

🛑Stop Loss: 0.4450 (placed below the midpoint of the massive bullish candle)

🚀Targets: 0.4890 / 0.5428

🛡Strategy: Exit half position at Target 1, move stop loss of remaining position to entry price for zero-risk upside.

Logic: Order book imbalance of 33.98%, with buy orders stacked significantly thicker than sell orders (bid levels 1-20 notably suppress ask levels), indicating extremely strong support below. Surge in positive funding rate environment (0.0050%) rules out short covering as the driver—this is active long squeezing shorts. Key resistance broken with nearly 10x volume, and OI unchanged; this is a classic signal of institutional real money accumulation, washing out previous trapped sellers and forcing shorts. Short stop-losses at breakout will fuel further upside. Current price oscillating near highs is strong consolidation, not a top. The path of least resistance remains upward.

View Live Chart 👇 $MYX
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