$MYX 1H Analysis – Oversold Bounce or More Dump? 📉
Price: 0.957
24H Low: 0.910
24H Change: -25%
MYX is in a strong downtrend. Price is trading below EMA7, EMA25 & EMA99 — clear bearish structure on 1H.
🔻 Lower highs & lower lows
🔻 EMAs acting as dynamic resistance
🔻 Heavy selling pressure in last sessions
However:
🔹 RSI (25) – deeply oversold
🔹 MACD histogram flattening – selling momentum slowing
📌 Key Levels:
Support: 0.910
Resistance: 0.99 – 1.16 (EMA25 zone)
🔥 Trade Scenarios:
Bounce Play:
If 0.910 holds, short-term relief rally toward 0.99 – 1.05 possible.
Continuation:
Break below 0.910 → next leg down likely.
Trend is still bearish. Any long is counter-trend until EMAs are reclaimed.
Manage risk carefully ⚠️