The chart for $MYX /USDT perpetual on Binance Futures shows a brutal downtrend in play! Price has crashed hard from highs around 7.000+ down to the current 0.9840 level, marking a massive -24.02% drop in just 24 hours (with 24h high at 1.4466). We're seeing heavy red candles breaking through multiple EMAs (8,13,21 all trending down sharply), confirming strong bearish momentum.
Key indicators screaming caution:
RSI(14) at 22.20 – deeply oversold territory, but no clear reversal signal yet as momentum remains weak.
Stochastic (K:3.53, D:8.25, J:-7.06) – also oversold with negative J, no bullish cross in sight.
Volume spiked on the downside dump, but recent bars show lower volume – could signal exhaustion or continuation.
This looks like a classic capitulation phase after a parabolic run-up correction. Bears are in full control, with price hugging the lower channel and no strong support until potentially lower levels.
🚨 SHORT Trade Forecast – MYXUSDT Perpetual 🚨
Entry: Around current levels ~0.984 (or on any weak bounce to 1.00-1.05)
Take Profit: 0.850 (first target, ~13-14% potential), extend to 0.750 if momentum holds
Stop Loss: 1.100 (above recent minor high/resistance to invalidate the bearish setup)
High risk/reward setup in this volatile dump – only for experienced traders with tight risk management! Leverage wisely (low leverage recommended).
DYOR – crypto is wild, especially alts like $MYX in correction mode. Could we see a bounce from oversold? Possible, but trend is down until proven otherwise.
Trade $MYX /USDT Now! Short the weakness or wait for confirmation – Follow & turn 🔔 on for more setups! ✅💥
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