【MYX Signal】Long: 4H Volume Breakout + 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 candle: 6.5M), closing at 0.4357, up 22.5%. Open Interest (OI) remained stable at a high of 24.1M USD, with no losses despite the surge, confirming new capital entry rather than position liquidation. 1-hour RSI reached 88.71, showing overbought conditions, but the buy/sell ratio reached 0.53 during the breakout period, with buy-side dominating.
🎯Direction: Long
⚡Entry: 0.4650 - 0.4710 (near current price or minor pullback)
🛑Stop Loss: 0.4450 (placed below the mid-point of the massive bullish candle)
🚀Targets: 0.4890 / 0.5428
🛡Strategy: Reduce position by half at target 1, move stop loss on remaining position to entry price, achieve zero-risk trade for higher targets.
Logic: Order book depth imbalance of 33.98%, with buy-side orders significantly thicker than sell-side (buy levels 1-20 substantially suppress sell-side), indicating strong support below. Surge under positive funding rate (0.0050%) environment rules out short liquidation-driven possibility, indicating active long squeeze. Key resistance broken with nearly 10x volume, and OI unchanged, which is a typical signal of institutional buyers aggressively sweeping, cleaning up earlier trapped positions and forcing shorts out. Shorts stopping out at the breakout level will be fuel for the next move. Current price oscillating near highs represents strong consolidation, not a top. Direction of least resistance remains upward.
【MYX Signal】Long: 4H Volume Breakout + 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 candle: 6.5M), closing at 0.4357, up 22.5%. Open Interest (OI) remained stable at a high of 24.1M USD, with no losses despite the surge, confirming new capital entry rather than position liquidation. 1-hour RSI reached 88.71, showing overbought conditions, but the buy/sell ratio reached 0.53 during the breakout period, with buy-side dominating.
🎯Direction: Long
⚡Entry: 0.4650 - 0.4710 (near current price or minor pullback)
🛑Stop Loss: 0.4450 (placed below the mid-point of the massive bullish candle)
🚀Targets: 0.4890 / 0.5428
🛡Strategy: Reduce position by half at target 1, move stop loss on remaining position to entry price, achieve zero-risk trade for higher targets.
Logic: Order book depth imbalance of 33.98%, with buy-side orders significantly thicker than sell-side (buy levels 1-20 substantially suppress sell-side), indicating strong support below. Surge under positive funding rate (0.0050%) environment rules out short liquidation-driven possibility, indicating active long squeeze. Key resistance broken with nearly 10x volume, and OI unchanged, which is a typical signal of institutional buyers aggressively sweeping, cleaning up earlier trapped positions and forcing shorts out. Shorts stopping out at the breakout level will be fuel for the next move. Current price oscillating near highs represents strong consolidation, not a top. Direction of least resistance remains upward.
View Real-time Chart 👇 $MYX
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