$MYX just flushed $1.7086K in long liquidations at $0.433 and that move signals a classic leverage shakeout. Late buyers leaned too heavy into support, and the market responded by hunting liquidity before deciding its next direction.
Price is now testing a key reaction zone around $0.425. If this level holds and volume steps in, a rotation toward $0.452 becomes likely. Above that, $0.468 stands as the next supply barrier where sellers previously defended aggressively. On the downside, losing $0.425 exposes $0.408 as the next liquidity pocket.
EP: $0.425–$0.432 on confirmed stabilization
TP: $0.452 first target, $0.468 extension
SL: $0.412 to manage invalidation
Short term, the liquidation sweep creates opportunity if buyers reclaim control quickly. Strong candles closing back above $0.445 would signal momentum recovery. Weak bounces, however, suggest distribution and risk of further downside.
Long term, sustained structure above $0.468 would shift bias back to bullish continuation and open room for expansion toward higher range highs. Until then, $MYX sits in a tactical zone where patience and precision separate professionals from emotional traders.
