Based on the $MYX /USDT 1-hour chart from Binance, the price is attempting a recovery after a massive dump, creating a potential "bottom-fishing" opportunity.
🚀 $MYX /USDT long Setup
MYX has seen an extreme correction, dropping over 90% in 90 days, but it is finally showing a bullish divergence and a "double bottom" structure on the 1h timeframe.
Entry Zone: 0.2520 – 0.2590
Enter near the current consolidation level where the price is building strength.
Stop Loss (SL): 0.2380
Positioned just below the recent 24-hour low of 0.2410 to protectagainst a final "stop hunt" or further breakdown.
Top Profit (TP): 0.3150
This targets the previous breakdown point and major resistance. This move represents a potential +22% gain
📊 Market Analysis (High Volatility Alert)
Recovery Momentum: While the 7-day trend is down -26.63%, today's +4.55% bounce suggests that sellers are exhausted and buyers are stepping in
Risk Factor: The chart includes a warning that MYX is an early-stage project. This means liquidity is low and price fluctuations can be extreme.Volume Check: 24h volume for MYX is 64.23M, showing enough activity to sustain a quick relief rally
Volume Check: 24h volume for MYX is 64.23M, showing enough activity to sustain a quick relief rally$MYX
#MYX #pullback