$MYX USDT Rejects Higher Levels – Bearish Pressure Persists
MYXUSDT has triggered a SELL at 5.4545274, confirming rejection from a key resistance area. Price action indicates that buyers failed to maintain momentum, allowing sellers to regain short-term control.
Technical Analysis
MYX is trading below its short-term moving averages, keeping the structure tilted to the downside. RSI is below the 50 level, reflecting weakening buying strength and limited upside momentum. The MACD remains in bearish territory, suggesting that downside pressure is still active.
Key Levels to Watch
Immediate Support: 5.2000 – short-term demand zone
Major Support: 4.8000 – next downside target if selling continues
Resistance: 5.6500 – rejection area
Major Resistance: 6.0000 – trend reversal confirmation level
Market Sentiment
Market sentiment for MYXUSDT is Bearish while price remains below resistance and volume favors sellers.
Strategy Outlook
Entering long positions at current levels carries elevated risk. Waiting for a confirmed support reaction or a strong reclaim above resistance is the safer approach.
Recommendation: WAIT
Do you think MYXUSDT can defend the 5.20 support, or are sellers aiming for the 4.80 zone next?
Not Financial Advice (NFA). Always manage risk and conduct your own research.
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