$MYX 🎯
$MYX rallied +4.2%
- After a sharp pump and with current price right at the most recent swing high, the odds favor a short-term retracement or consolidation before another leg up.
- If you want a long position, wait for a pullback into the 0.1110–0.1100 demand zone, and only enter if you see bullish confirmation (like a 5m pin bar, bullish engulfing, or strong bounce with volume). Entry: 0.1110–0.1100. Take Profit: scale out at 0.1174, 0.1292, and possibly 0.1410 if the move extends. Place your stop-loss just below the swing low at 0.1049 or below the demand zone.
- Avoid FOMO buying at 0.1174 unless there is a clear consolidation and bullish breakout above this new swing high with strong momentum. In that case, consider entering on a retest of 0.1174 as support, targeting 0.1292 and 0.1410, with your stop-loss below the breakout structure.
- If price loses 0.1100 with momentum, expect a deeper retracement toward 0.1044 or even 0.0983—do not long until you see strong bullish reversal signs at these lower levels!
- The pump is likely genuine in the short term given the volume and indicator alignment, but this does not rule out a quick shakeout or profit-taking move before continuation. Watch for a liquidity grab below the equilibrium (0.1115) or the 0.1100 zone for the safest long entry.
📝 This is not investment advice, just an educational analysis. Remember: chasers often get trapped on pumps—wait for confirmation and plan your entry carefully!
📊 Get detailed free analysis of any coin on any timeframe you want. Try Finora AI - Your Trade Buddy for free → tinyurl.com/FinoraBot
#MYX