MYX skyrocketed 1387%! Where is the next breakout point? Caiyue will take you deep into the underlying signals!
The crypto world is changing rapidly, MYX may hide a new code——
Have you noticed? MYX has completely exploded! The price surged to 17 USD, a 7-day increase of 1387%, this market is simply crazy! I am Caiyue, today I must take you through the opportunities and risks behind MYX, combining news and technical analysis to give you the most straightforward analysis!
News: Capital is flowing secretly, market sentiment is hot!
Although there is currently no major official news, such an increase is by no means coincidental! Market capitalization exceeds 3.5 billion USD, and the data shows that short positions are being crushed, indicating that capital is flowing in strongly, and large players may be positioning themselves in advance.
I personally speculate: MYX may have undisclosed positive news, market sentiment has been ignited, and FOMO sentiment is starting to spread!
Technical Analysis: Short-term volatility is severe, the trend is still upward!
The 1-hour candlestick chart shows: the price is fluctuating in the 17-18 USD range, but the overall trend is upward, and pullbacks are buying opportunities! Key support is at 17 USD, and after breaking 18.5 USD, it may surge towards 20 USD!
But be careful: the liquidation data is relatively high, and short-term volatility will increase, so be sure to manage risk!
Operation Suggestions: Opportunities and risks coexist!
Aggressive traders: You can test with a small position, set a stop loss below 16 USD, and target 18.5-20 USD!
Conservative traders: Wait for a pullback to around 17 USD to gradually position, or chase the price after breaking 18.5 USD!
Remember: Never go all-in! Cryptocurrency is highly volatile, and position management is key!
Personal Opinion:
This wave of increase in MYX may be a signal of ecological dividends or market rotation! Similar to early dark horse projects, it rises sharply but is highly volatile, short-term may retrace for consolidation, but I am still optimistic in the medium to long term! Stay alert, but don’t miss the trend!
Do you think MYX will continue to rise or retrace? Leave your thoughts in the comments! Caiyue will conduct an in-depth analysis of the MYX ecosystem and white paper in the village tomorrow, revealing the next potential point!
