$MYX had one of those charts that reminds you why catching falling knives is expensive.

Daily went from grinding around 6+ to a straight dump into the 1 area. Then today we finally get a bounce, big green candle, but with a nasty upper wick around 1.7 to 1.8. That wick is basically the chart saying “buyers showed up, but sellers are still active.”

How I’m reading it right now: this looks more like a relief bounce than a clean trend reversal. I’m not interested in longing the middle of this candle. If MYX can hold above 1.20 to 1.25 on a pullback and build a base, then I’ll start respecting the bounce. If it loses that zone, it’s probably heading back into chop and pain.

My rule here is simple. Let it prove strength twice. First with the bounce, then with the retest.

Would you rather wait for the retest near 1.20, or are you already scaling in down here?