MYXUSDT is currently trading within a corrective phase after a sharp rejection from its recent highs, signaling a potential continuation of the bearish trend. The market structure has shifted, with lower highs forming and bullish momentum fading significantly.

The current upward movement appears to be a retracement into a well-defined supply zone, rather than a genuine reversal attempt. This zone is particularly important due to the imbalance created during the previous sell-off, making it a likely point for renewed selling pressure. If price reacts bearishly upon entering this region, it would confirm continuation toward lower liquidity zones.

The downside target aligns with the origin of the previous impulsive move, where resting liquidity is expected. As long as $MYX fails to break and hold above the supply area, the bias remains firmly bearish. #MYX