Don't overlook $MYX here — momentum is strong, but the setup now depends on what price does next.
What stands out here is that volume is running about 6.6x its recent pace, the last 15m is -16.28%, and open interest is down 14.4%. That gives the move real context instead of treating every candle as a signal.
The multi-timeframe read is leaning bearish, and the current 1d structure agrees. That keeps the advantage with sellers for now.
The area around $0.0614 is the level I would watch next. Losing it cleanly would strengthen the bearish case; holding it would warn against pressing shorts too late.
Would you chase $MYX here, wait for the retest, or stay out?
#MYX #Trading
Trade plan: SHORT
Entry: $0.07625
SL: $0.63195
TP1: $-0.47944
TP2: $-1.03514
TP3: $-1.59083
What stands out here is that volume is running about 6.6x its recent pace, the last 15m is -16.28%, and open interest is down 14.4%. That gives the move real context instead of treating every candle as a signal.
The multi-timeframe read is leaning bearish, and the current 1d structure agrees. That keeps the advantage with sellers for now.
The area around $0.0614 is the level I would watch next. Losing it cleanly would strengthen the bearish case; holding it would warn against pressing shorts too late.
Would you chase $MYX here, wait for the retest, or stay out?
#MYX #Trading
Trade plan: SHORT
Entry: $0.07625
SL: $0.63195
TP1: $-0.47944
TP2: $-1.03514
TP3: $-1.59083
