【MYX Signal】Pending Long Order: Volume Contraction Retest of Key Support, Main Force Washout Phase Concluding

MYX 1-hour chart presents a clear structure of volume surge followed by volume contraction pullback. After two massive candles surged to 0.5164 between 10:00-11:00, they pulled back with trading volume plummeting from 32.46 million to 3.69 million, a drop exceeding 90%, yet price consolidated in narrow range of 0.4003-0.4062, refusing deeper decline. Buy/sell ratio remains continuously below 0.5, showing retail selling pressure, but order book depth reveals buy-side orders (0.4010-0.4023 zone) significantly thicker than sell-side (0.4024-0.4043 zone), forming support cushion. 1-hour EMA50 (0.3745) constitutes strong lower support, resonating with daily-level bottom consolidation range top that has lasted one month. Current price 0.4022 clings tightly to EMA20 (0.4085), representing healthy technical retest.

🎯 Direction: Pending Long

⚡ Entry: 0.3980 - 0.4010

🛑 Stop Loss: 0.3670

🚀 Targets: 0.4645 / 0.4969

🛡 Strategy: Reduce position by half after reaching target 1, trail remaining position to breakeven, targeting objective 2.

Logic: Extreme volume contraction consolidation after massive surge is typical main force washout chip-absorption structure. Retail investors panic sell due to depressed buy/sell ratio, but order book buy-side depth locks down downside space. Price stabilizes above key moving averages and previous daily platform, showing bears lack power to push price below volume zone, indicating selling exhaustion. Main force uses volume contraction shaking to clear weak hands, building momentum for second surge; upside is the path of least resistance.

View Real-time Chart 👇 $MYX
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