$MYX Market Structure
Higher-low formation on the daily timeframe
Strong bullish expansion from 4.564 to 6.005
Buyers in control following a clean reclaim of short-term moving averages (MA7/MA25/MA50)
Key Zones
Support Zone:
Immediate: 5.36 – 5.67
Strong: 4.56 – 5.08
Resistance Zone:
Near-term: 6.10 – 6.18
Mid-term: 7.08 – 7.75
Trade Setup (Long)
Entry Zone: 5.70 – 6.00
Take Profit Targets:
TP1: 6.10 – 6.18
TP2: 7.08 – 7.20
TP3: 7.50 – 7.75
Stop Loss: Below 5.35
Price Action Insight
Price has recovered strongly from 4.564 and reclaimed key moving averages 5.36–5.67 , showing high buying interest. RSI near overbought signals potential minor pullbacks, but higher-low formation and bullish MACD suggest continuation toward the upper resistance levels as long as the support zones hold.
