$MYX / USDT is experiencing a sharp correction after hitting a 24h high of 5.710! Current price: 3.998 USDT, down -29.58% in the last 24 hours with massive volume on the perpetuals chart.
The chart shows a strong downtrend: price broke below the Bollinger Band middle (5.8245) and lower band area, now testing near 3.994 marked price. Candles are red-dominant with rejection at higher levels. RSI(6) at 21.06 (deep oversold), RSI(14) at 36.15 — signaling exhaustion in selling pressure. Stochastic is low (K:39.9, D:57.6, J:4.86), hinting at potential rebound setup. Volume bars show spikes on downside but weakening momentum.
Bearish pressure remains strong, but oversold indicators scream possible short-term bounce or reversal. Momentum favors bears, but watch for RSI divergence or reclaim of 4.3-4.5 zone for longs.
TRADE FORECAST: SHORT $MYX USDT NOW!
Entry around current ~3.998
Take Profit: 3.500 (first target, ~12-15% potential) → extend to 3.200 if momentum continues
Stop Loss: 4.350 (above recent swing high/resistance, risk ~8-9%)
High volatility — use tight risk management and leverage wisely! This could be a killer scalp or swing short in the current dump. Don't miss the move!
Trade $MYX USDT Now! Follow & turn 🔔 on ✅ for more alpha calls!
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