$MYX 📉 $MYX /USDT Analysis: Bearish Momentum Continues
The market for MYX is under heavy selling pressure. We are seeing a classic "staircase" decline where every minor bounce is being met with fresh sell orders.
🔍 Technical Breakdown:
Trend: Firmly bearish. Price is trading below all major Moving Averages (MA7, 25, 99).
Indicators: RSI is deeply oversold (<30), signaling that a temporary "relief bounce" to retest previous support-turned-resistance is likely.
Volume: Consistent selling volume suggests the bottom isn't confirmed yet.
🛡️ Trading Plan (Short Bias):
Entry Zone: $0.945 – $0.960 (Wait for a small bounce to the MA25 or previous breakdown level for a better risk/reward).
Take Profit (TP): $0.910 (Primary) / $0.885 (Extended).
Stop Loss (SL): $0.985 (Above the recent local high and MA25).
Note: Since the RSI is very low, do not chase the price at the current $0.929 level. Wait for a "dead cat bounce" to enter your short position safely.
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