$MYX Short 10x | Sellers dominate the area, with straightforward invalidation.
MYX has reached the anticipated short zone, allowing for a clean invalidation strategy. Mapped risk is established before the broader market signals a clearer direction.
Scenario map:
- Entry band: 0.07133 – 0.07149
- TP1 / first reaction: 0.07081 (R:R 1:0.7)
- TP2 / continuation area: 0.07041 (R:R 1:1.2)
- TP3 / extended objective: 0.06981 (R:R 1:2.0)
- Risk level: 0.07221
Why this setup?
- The 4h timeframe supports the short outlook, while the 1D chart continues to show bearish sentiment as price navigates 0.07133–0.07149 near 0.07141.
- The 15m RSI indicates 62; this neutral momentum suggests potential for further downside, rather than a reason to enter aggressively.
- Volume dynamics play a role: 4.00x volume pace, with 495.91K executed against an expected 123.98K.
Execution note:
- For me this remains a conditional short scenario: zone rejection first, TP1/TP2/TP3 are objectives not promises, and the risk level decides when the idea is no longer worth holding.
Trade here 👇 and What’s your strategy: capitalize on the supply zone now, or wait for clearer seller additional signal?
EDUCATIONAL INFORMATION ONLY. NO ADVICE, OFFER, SOLICITATION, OR RECOMMENDATION. YOUR MOVE, YOUR RISK.
MYX has reached the anticipated short zone, allowing for a clean invalidation strategy. Mapped risk is established before the broader market signals a clearer direction.
Scenario map:
- Entry band: 0.07133 – 0.07149
- TP1 / first reaction: 0.07081 (R:R 1:0.7)
- TP2 / continuation area: 0.07041 (R:R 1:1.2)
- TP3 / extended objective: 0.06981 (R:R 1:2.0)
- Risk level: 0.07221
Why this setup?
- The 4h timeframe supports the short outlook, while the 1D chart continues to show bearish sentiment as price navigates 0.07133–0.07149 near 0.07141.
- The 15m RSI indicates 62; this neutral momentum suggests potential for further downside, rather than a reason to enter aggressively.
- Volume dynamics play a role: 4.00x volume pace, with 495.91K executed against an expected 123.98K.
Execution note:
- For me this remains a conditional short scenario: zone rejection first, TP1/TP2/TP3 are objectives not promises, and the risk level decides when the idea is no longer worth holding.
Trade here 👇 and What’s your strategy: capitalize on the supply zone now, or wait for clearer seller additional signal?
EDUCATIONAL INFORMATION ONLY. NO ADVICE, OFFER, SOLICITATION, OR RECOMMENDATION. YOUR MOVE, YOUR RISK.
