$MYX +19.7% explosion with massive volume — bullish structure remains intact, but chasing this move could be dangerous.
My bias is bullish on the 1H and daily structure, with BTC also supporting the upside. However, I am NOT chasing the vertical spike. The 15-minute move reached +19.7% with a huge 16x volume burst and RSI at 91.5 — classic exhaustion territory at the highs.
Weekly structure is still bearish, making this a counter-trend impulse. I want a healthy pullback before considering any fresh long.
Key levels to watch:
• First pullback target: 0.07853
• Demand / breakout zone: 0.07391–0.07303
• Upside target 1: 0.08546
• Upside target 2: 0.09008
• Extended target: 0.09300
Do not long the wick around 0.08404. I would rather see price pull back into the 0.0739–0.0756 demand zone, sweep liquidity, then reclaim with a bullish engulfing candle or lower-timeframe market-structure shift.
Volume should also cool down from the current spike before a continuation entry becomes attractive.
Trade management:
TP1: 0.07853
TP2: 0.08546
TP3: 0.09008–0.09300
Protection should sit beyond the relevant structure flip / last higher-low area rather than directly under the spike.
Invalidation: A 1H close below 0.06122 would invalidate the bullish continuation thesis and shift the structure bearish.
Flow check:
OI: $4.1M (+3.3% 24H)
Funding: +0.0050%
Taker ratio: 1.10x
Funding shows longs are already paying, while OI has only increased modestly relative to the size of the candle. That does not provide strong confirmation of fresh smart-money accumulation at these elevated prices.
Bottom line: bullish structure, but overheated momentum. Let MYX pull back, confirm demand, then look for continuation — not FOMO at the highs.$MYX
Not investment advice. Educational report only.
#MYX #CryptoTrading #Altcoins #BinanceSquare #CryptoAnalysis
My bias is bullish on the 1H and daily structure, with BTC also supporting the upside. However, I am NOT chasing the vertical spike. The 15-minute move reached +19.7% with a huge 16x volume burst and RSI at 91.5 — classic exhaustion territory at the highs.
Weekly structure is still bearish, making this a counter-trend impulse. I want a healthy pullback before considering any fresh long.
Key levels to watch:
• First pullback target: 0.07853
• Demand / breakout zone: 0.07391–0.07303
• Upside target 1: 0.08546
• Upside target 2: 0.09008
• Extended target: 0.09300
Do not long the wick around 0.08404. I would rather see price pull back into the 0.0739–0.0756 demand zone, sweep liquidity, then reclaim with a bullish engulfing candle or lower-timeframe market-structure shift.
Volume should also cool down from the current spike before a continuation entry becomes attractive.
Trade management:
TP1: 0.07853
TP2: 0.08546
TP3: 0.09008–0.09300
Protection should sit beyond the relevant structure flip / last higher-low area rather than directly under the spike.
Invalidation: A 1H close below 0.06122 would invalidate the bullish continuation thesis and shift the structure bearish.
Flow check:
OI: $4.1M (+3.3% 24H)
Funding: +0.0050%
Taker ratio: 1.10x
Funding shows longs are already paying, while OI has only increased modestly relative to the size of the candle. That does not provide strong confirmation of fresh smart-money accumulation at these elevated prices.
Bottom line: bullish structure, but overheated momentum. Let MYX pull back, confirm demand, then look for continuation — not FOMO at the highs.$MYX
Not investment advice. Educational report only.
#MYX #CryptoTrading #Altcoins #BinanceSquare #CryptoAnalysis