$MYX Pullback After Expansion – A Strategic Entry Opportunity .
Technical Overview:
MYX has seen a notable rally, and the current price action is a retracement into a key Entry Zone between 5.40 – 5.70. This zone aligns with previous support levels and could act as a springboard for future gains. For the bullish momentum to resume convincingly, we need to observe the price establishing a firm base and trading consistently above 6.10. This level is crucial for confirming a continuation of the upward trend.
The Trade Plan:
Entry Zone: 5.40 – 5.70
Bullish Confirmation: Sustain above 6.10
Target 1 (TP1): 6.45 (Initial resistance test)
Target 2 (TP2): 6.90 (Mid-term objective)
Target 3 (TP3): 7.55 (Extended expansion target)
Stop Loss: 5.10 (Critical invalidation point below recent lows)
Market Sentiment:
With growing interest in projects like #myxfinance and the broader #MYXfinancetoken ecosystem, a successful bounce from this pullback zone could see MYX re-engage its upward trajectory. As always, diligent risk management and adherence to the stop-loss are paramount in volatile markets.