$MYX is currently trading on Binance at 0.5661 USDT after a powerful impulse of +159% over the day. Trading volume has sharply increased, indicating strong interest in the decentralized perpetual exchange token MYX Finance on the BNB Chain and Linea.
Technical Analytics:
RSI (24h) at 67.68 — a moderate overbought zone, but not critical yet. The coin has emerged from a long accumulation phase and showed a vertical spike, typical for low-cap altcoins during hype moments. High volatility is confirmed: within a day, the price managed to test a wide range.
Further prospects:
Bullish scenario — continuation of the impulse with testing of new highs while keeping volume and RSI below 75–80. Bearish — profit-taking with a pullback to the nearest support levels. In such volatility, the market can turn quickly, so discipline comes first.
Trading plan:
• Bullish scenario: Entry on retest$MYX 0.52–0.54 or breakout at 0.58 with volume.
TP1: 0.65 (+15%), TP2: 0.75 (+32%).
SL: 2–5% from entry (for example, -3% ≈ 0.55 at entry 0.566).
• Bearish scenario: Short on breakout$MYX down from 0.55 or retest of resistance.
TP1: 0.48, TP2: 0.42.
SL: 3–5% from entry.
I recommend risking no more than 1–2% of the deposit on a single trade. When moving into profit, adjust SL to breakeven as soon as possible.
MYX demonstrates a classic pump of an altcoin against the backdrop of general interest in DeFi-perp projects. The main thing is not to chase FOMO, but to trade according to the plan.
What scenario do you consider more likely? Share your levels and thoughts in the comments!
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