⚠️ MYX Update — 18 September
$MYX: a noticeable short-term signal has appeared
MYX rose from the close of $0.05746 on 17 September to an intraday high of $0.06317 on 18 September—that is, the price broke through the $0.060–0.063 zone. As of 17 September, volume increased to about $1.42M versus $324K for the current partial day.
But an important nuance: total open interest on MYX fell by roughly 3.64%, to $22.5M. This looks more like the closing of some shorts/positions and a short squeeze than a confirmed inflow of new capital.
Key levels right now:
* $0.060–0.063 — the zone MYX is trying to turn into support;
* $0.065–0.068 — the next resistance area;
* $0.057–0.058 — a level whose loss would weaken the signal;
* $0.0535–0.055 — the critical lower zone based on the most recent lows.
Conclusion for MYX: the signal is improving, but a reversal is not yet confirmed. For a stronger scenario, you need consolidation above $0.063–0.065 with rising volume and without a sharp drop in OI.
$MYX: a noticeable short-term signal has appeared
MYX rose from the close of $0.05746 on 17 September to an intraday high of $0.06317 on 18 September—that is, the price broke through the $0.060–0.063 zone. As of 17 September, volume increased to about $1.42M versus $324K for the current partial day.
But an important nuance: total open interest on MYX fell by roughly 3.64%, to $22.5M. This looks more like the closing of some shorts/positions and a short squeeze than a confirmed inflow of new capital.
Key levels right now:
* $0.060–0.063 — the zone MYX is trying to turn into support;
* $0.065–0.068 — the next resistance area;
* $0.057–0.058 — a level whose loss would weaken the signal;
* $0.0535–0.055 — the critical lower zone based on the most recent lows.
Conclusion for MYX: the signal is improving, but a reversal is not yet confirmed. For a stronger scenario, you need consolidation above $0.063–0.065 with rising volume and without a sharp drop in OI.