#MYX Short Liquidation Alert
$6,106 wiped at $2.92722
MYX just shook the bears a little.
At $2.927, around $6.1K in short positions got liquidated. Traders were expecting a drop… but MYX had other plans.
When shorts get liquidated, the exchange force-buys to close positions, creating upward pressure. Even modest liquidations like this can move smaller-cap coins noticeably.
💥 Why This Matters
$6K isn’t massive — but for MYX, it’s enough to shift short-term momentum.
It tells us:
Bears were leaning into the $2.92–$2.93 zone expecting a drop
Liquidity was stacked nearby
That pressure just got absorbed
The market basically said: “Not today, shorts.”
👀 What Could Happen Next?
MYX is at a decision point.
🟢 Bullish Scenario
If MYX:
Holds above $2.925–$2.93
Gains healthy volume
Then we could see:
➡ Push toward $2.97–$2.98
➡ Possibly challenge $3.00
Momentum in small caps can spike quickly when buyers defend higher levels.
🔴 Bearish Scenario
If price falls below $2.925:
This could have been just a quick stop hunt
Price might consolidate around $2.90–$2.92
Then reset for the next move
Fakeouts are common in smaller-cap coins like MYX.
🧠 Smart Approach
Don’t chase green candles blindly
Watch for healthy pullbacks
Keep an eye on volume for confirmation
Manage risk carefully
Liquidations can spark short-term spikes… but real strength shows when buyers hold key zones.
MYX just flexed on the shorts.
Now the question is: Will it build momentum… or was this just a quick squeeze? 🚀📊
#MYX #Crypto #ShortSqueeze #Trading #Liquidation
$MYX