$MYX
MYXUSDT
Perp
5.765
-2.03%
🔴 SELL SETUP (Resistance Rejection)
Pair: MYX/USDT Perp
Timeframe: 4H
Sell Entry:
6.95 – 7.05 zone
❗ 4H candle must close with rejection / upper wick in this zone then sell
Stop Loss (SL):
7.50 – 7.55
(Above recent high, safe fake breakout)
Targets (TP):
TP1: 6.74
TP2: 6.49
TP3: 5.90
TP4: 5.49
📌 Logic (Understand simply):
Price has reached strong resistance (7.0–7.1)
Previously a sharp sell came from here
There can be liquidity grab on the upside, then a dump
Risk–Reward is good on the sell side
⚠️ Important Rules:
Avoid high leverage (max 5x–10x)
If the 4H candle closes strongly above 7.10 → ❌ SELL CANCEL
Book partial profit at TP1, bring SL to cost