Based on the 4-hour chart shown for$MYX MYX:
Price is $0.3277, down about 5.98%.
The latest candle is a strong bearish red candle.
Price has fallen below the MA(7) (~0.366), showing short-term weakness.
However, price remains above the MA(25) (~0.306) and MA(99) (~0.223), meaning the larger trend is still intact for now.
Volume on the sell-off is noticeable, suggesting sellers currently have control.
Current Bias: Bearish (short-term)
Support: $0.30 – $0.31
Stronger Support: $0.29
Resistance: $0.35 – $0.37
Major Resistance: $0.43
If MYX holds above $0.30 and buyers step in, the bullish trend can resume. A break below $0.30 would likely increase bearish pressure.
Post
📉 MYX 4H Update
MYX is showing short-term bearish momentum after rejecting from the $0.43 high and printing multiple red candles. Price has dropped below the 7 MA, while sellers remain in control.
Key level to watch is the $0.30 support zone. Holding this area could set up a recovery toward $0.35–$0.37, while a breakdown may lead to a retest of $0.29.
Despite the pullback, the price is still trading above the 25 MA and 99 MA, so the broader trend structure remains constructive unless key supports fail.
Bias: Bearish short-term 🔴 | Bullish above $0.30 🟢
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