MYX/USDT Analysis – 4 Hour Frame
Current Price: 3.369
Percentage Increase: +13.28%
The volume is strong compared to previous candles.
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📊 Technical Signals from the Chart
1️⃣ Current Trend
Price is above EMA7 – EMA25 – EMA99 ⇒ this means the trend is upward.
There is a strong rebound after a slight decline, and the price is currently making a Higher Low, which is a positive sign.
2️⃣ RSI
RSI = 63.88
> Upward area, but hasn't entered overbought… There is still room for increase.
3️⃣ MACD
MACD line above the signal line by a small margin ⇒ Start of a new upward wave.
4️⃣ Trading Volumes
Strong buying volume appeared before the increase… This supports the continuation of the rise.
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🟢 Recommendation (Buy – Gradual Buy)
🎯 Proposed Entry Point
3.31 – 3.36
(The price is now within the area, and it can be bought directly)
🎯 First Target
3.55
🎯 Second Target
3.72
🎯 Third Target (in case of price explosion)
4.05
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🔴 Stop Loss
Below 3.08
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📌 Important Notes
The currency is moving very volatile (high volatility).
It's best to use only a portion of the capital.
Watch the break of the 3.43 area as it is very important… Breaking it gives a rapid upward momentum.
