Currency 💠 MYX/USDT
$MYX
📊 Technical Situation:
Current price 2.90 after a strong rise from 2.46, but it faces resistance at the EMA99 moving average (3.01) indicating a temporary slowdown in upward momentum.
RSI indicator at 41 tends to decline after reaching a short peak.
MACD is still positive but losing momentum.
The recent candles showed a clear rejection above 3.00, indicating nearby selling pressure.
🔻 Suggested Trade: Short (Sell)
🏃 Entry Zone: Between 2.93 – 3.00
🎯 Targets:
💣 First Target: 2.80
⚡ Second Target: 2.65
🪐 Third Target: 2.46
🛑 Stop Loss: 3.12
📘 Analyst Note:
The currency faces strong resistance at the moving averages and may experience a corrective decline before any upward resumption. Breaking the level of 2.77 will confirm the short-term bearish scenario.
$MYX
