I almost let this $MYX setup pass me by... but the more I looked, the more it caught my attention. 👀
I'm taking a shot on the long side, even though I know the higher timeframe isn't fully on my side.
🟢 $MYX — LONG SETUP
📍 Entry: 0.0740 - 0.0742
🛑 Stop Loss: 0.07126
🎯 TP1: 0.07605
🎯 TP2: 0.07764
🎯 TP3: 0.07923
Trade $MYX here 👇
⚠️ Once TP1 is hit, I'm moving my stop to breakeven.
Here's why I'm interested...
On the 1H chart, price looks like it's setting up for a liquidity sweep after reacting around a key support area.
That said, I'm not ignoring the bigger picture.
The daily trend is still leaning bearish, with price trading below the EMA50, so I'm treating this as a counter-trend trade not a guaranteed winner.
That's why risk management matters more than ever here.
If the setup works, great.
If it doesn't, the stop is already part of the plan.
Now I want your opinion...
Would you take this counter-trend long, or do you think the higher-timeframe bears still have the upper hand? 👇📈
I'm taking a shot on the long side, even though I know the higher timeframe isn't fully on my side.
🟢 $MYX — LONG SETUP
📍 Entry: 0.0740 - 0.0742
🛑 Stop Loss: 0.07126
🎯 TP1: 0.07605
🎯 TP2: 0.07764
🎯 TP3: 0.07923
Trade $MYX here 👇
⚠️ Once TP1 is hit, I'm moving my stop to breakeven.
Here's why I'm interested...
On the 1H chart, price looks like it's setting up for a liquidity sweep after reacting around a key support area.
That said, I'm not ignoring the bigger picture.
The daily trend is still leaning bearish, with price trading below the EMA50, so I'm treating this as a counter-trend trade not a guaranteed winner.
That's why risk management matters more than ever here.
If the setup works, great.
If it doesn't, the stop is already part of the plan.
Now I want your opinion...
Would you take this counter-trend long, or do you think the higher-timeframe bears still have the upper hand? 👇📈
