【$MYX Signal】1H Pullback Confirmation, Sniping for a Second Surge

$MYX At the 1H level, after experiencing a massive rally, the price is consolidating strongly at a high level, forming a new platform between 0.48-0.495. The 1H EMA20 (0.472) has crossed above the EMA50 (0.460), forming a golden cross and creating dynamic support. The current price (0.493) is closely hugging the upper band of the 1H Bollinger Bands, gathering momentum. Although the 4H level is in a rebound within a downtrend, the latest 4H candlestick closed bullish with buying pressure dominant, indicating significant short covering pressure. Open interest remains stable, and the price rejected a deep correction after a massive move, which is a clear signal of main force supporting the market.

🎯Direction: Long (Long)

🎯Entry/Order: Enter in batches around the current price of 0.493 or during a pullback to the 0.485-0.488 range.

🛑Stop Loss: 0.475 (below the 1H EMA50 and previous support)

🚀Target 1: 0.525 (previous high resistance zone)

🚀Target 2: 0.550 (4H previous high and psychological level)

🛡️Trade Management:

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

- Execution strategy: Use partial take profits. After reaching Target 1, reduce position by 50% and move the remaining stop loss to the entry price. For the remaining position, look toward Target 2. If the price stalls around 0.525, consider exiting all positions.

Deep Logic: Market depth shows buy orders (bids) are stacked significantly thicker than sell orders (asks), with a depth imbalance of 8.76%, indicating very strong support below. The 1H RSI (56.59) is in a healthy bullish zone with room to rise. Combining market logic suggests “price rising, main force entering or bears being squeezed,” and with open interest stable, it is more likely driven by new funds entering. Currently, this is a typical “strong consolidation, waiting for a breakout” structure, aiming for a second pulse move.

View real-time market 👇 $MYX

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