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

Price broke through the key resistance of 0.3628 at 04:00 (UTC) on the 4H candle with massive volume of 60.5M (previous: 6.5M), closing at 0.4357, up 22.5%. Open Interest (OI) remained stable at the high of 24.1M USD, without declining despite the surge, confirming new capital entry rather than position closure. 1-hour level 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: Reduce position by half at Target 1, move stop loss of remaining position to entry price, risk-free play for higher targets.

Logic: Order book depth imbalance of 33.98%, with buy orders accumulating significantly thicker than sell orders (bid 1-20 order volumes notably suppressing ask side), indicating extremely strong support below. Surge in positive funding rate environment (0.0050%), ruling out short position closure-driven possibility, represents active long squeeze. Key resistance broken through with nearly 10x volume, and OI unchanged—this is a typical signal of major players genuine capital sweep, washing out previous trapped longs and forcing shorts to cover. Short stop losses at breakout level will be subsequent fuel. Current price oscillating tight to highs is strong consolidation, not a top. Direction of least resistance remains upward.

View Real-time Chart 👇 $MYX
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