My ๐ $MYX USDT SHORT SIGNAL: Trend is Your Friend!@Mishukm Let's Earn Together ๐ค๐ค๐ค๐๐๐
$MYX is under heavy selling pressure as it breaks below key support levels. Despite extreme oversold readings on the RSI, the absence of a strong buyer response at the $1.00 mark suggests there is still room for further downside toward historical lows.
๐ Trade Setup
Direction: SHORT ๐ด
Leverage: Isolated 10x
Entry Price: $1.02700
๐ฏ Take Profit Targets
TP1: $0.9420 (Test of recent local low)
TP2: $0.8850 (Intermediate support extension)
TP3: $0.7180 (Major yearly bearish target)
๐ก Stop Loss
SL: $1.1500
Rationale: This level sits above the recent consolidation zone. A move back above $1.15 would signal a potential trend reversal or a relief rally, invalidating the short-term bearish thesis.
โก๏ธ Pro Tip: You have already captured significant gains! Since the token is at a critical juncture, consider trailing your Stop Loss to $1.00 to lock in profits while letting the rest of the position run.
#MYXUSDT #BinanceFutures #CryptoSignals #BearMarket #TradingStrategy
$MYX is under heavy selling pressure as it breaks below key support levels. Despite extreme oversold readings on the RSI, the absence of a strong buyer response at the $1.00 mark suggests there is still room for further downside toward historical lows.
๐ Trade Setup
Direction: SHORT ๐ด
Leverage: Isolated 10x
Entry Price: $1.02700
๐ฏ Take Profit Targets
TP1: $0.9420 (Test of recent local low)
TP2: $0.8850 (Intermediate support extension)
TP3: $0.7180 (Major yearly bearish target)
๐ก Stop Loss
SL: $1.1500
Rationale: This level sits above the recent consolidation zone. A move back above $1.15 would signal a potential trend reversal or a relief rally, invalidating the short-term bearish thesis.
โก๏ธ Pro Tip: You have already captured significant gains! Since the token is at a critical juncture, consider trailing your Stop Loss to $1.00 to lock in profits while letting the rest of the position run.
#MYXUSDT #BinanceFutures #CryptoSignals #BearMarket #TradingStrategy