⚡ Massive +4.7% Surge on $MYX , should you jump in?
- Right now, after such an aggressive pump and retracement, I do NOT recommend chasing a long at the current price. The move shows signs of exhaustion, and a bull trap is possible given the heavy sell-off after the pump.
- If you want to position long, the highest reward/risk would come after a sweep/manipulation below 0.27 or into the 0.21–0.19 zone with a clear reversal candle (like a hammer, bullish engulfing, or similar) visible on the lower timeframes. Example: If price wicks below 0.21, quickly reclaims and closes above, and a bullish pattern forms, you could enter long targeting 0.35 first, then 0.41 (swing equilibrium), with stop-loss at the swing low.
- If instead price rallies now and fails below 0.40 with a lower high and reversal candle, a short setup could develop, targeting fills at the lower fair value gaps (0.27, 0.21).
- In both cases, confirmations are key: wait for a strong price rejection, clear reversal pattern, or a break of a short-term trendline before entering.
- If price closes above 0.42 (equilibrium) and holds, bias flips to bullish with targets at 0.50 and potentially 0.62. If price loses 0.21 with strength, the next demand is around 0.19–0.17.
📝 This is not investment advice, only an educational report. Be patient and wait for clear confirmations after such a volatile move – don’t FOMO into a late long after a big pump! 🚦
