$MYX 1H Outlook – Relief Rally or Further Breakdown? 📉
Price: 0.957
24H Low: 0.910
24H Change: -25%
MYX remains locked in a clear downtrend. Price action is positioned beneath the EMA7, EMA25, and EMA99 — confirming bearish control on the 1H chart.
🔻 Consistent lower highs and lower lows
🔻 EMAs serving as dynamic overhead pressure
🔻 Strong distribution over recent sessions
That said:
🔹 RSI (25) — heavily oversold territory
🔹 MACD histogram leveling off — downside momentum easing
📌 Key Zones:
Support: 0.910
Resistance: 0.99 – 1.16 (EMA25 region)
🔥 Possible Setups:
Relief Bounce:
If 0.910 remains intact, a short-term rebound toward 0.99 – 1.05 could unfold.
Further Downside:
A clean break below 0.910 likely triggers another wave lower.
The broader structure remains bearish. Any long position is counter-trend unless price reclaims the EMAs.
Stay disciplined with risk ⚠️