$MYX still has a headline-friendly V2 narrative after the Consensys-led funding round, but the chart is not confirming strength right now. The 4H move looks like a classic blow-off spike into distribution: huge expansion, sharp rejection, lower recovery quality, and price sitting in a fragile zone after fresh token unlock pressure hit earlier this month. Short-term bounces can happen, but structurally this still looks more like a fade setup than a clean reclaim.
Bias: Short
Entry: 0.274 - 0.282
SL: 0.289
TP1: 0.262
TP2: 0.248
TP3: 0.232
If bulls were truly in control, $MYX should have reclaimed higher after that vertical move. Instead it gave back too much too fast. Until the market proves otherwise, I treat this as hype unwind, not trend continuation.