📊 $MYX /USDT Technical Analysis (4H Timeframe)
🔥 Massive Recovery After Deep Correction – Is the Reversal Confirmed?
On the 4H chart, MYX/USDT has shown a strong bounce from the major low at $0.8050, printing a sharp bullish candle with high volume.
🔍 Market Structure Overview:
Previous High: $6.8680
Major Dump from $6.86 → $0.80 (Strong Bearish Trend)
Current Price: $1.78
24H High: $1.818
Strong volume spike confirms buyer interest.
📈 EMA Analysis:
EMA(7) has crossed above EMA(25) → Short-term bullish momentum.
Price is still below EMA(99) → Mid-term trend still bearish.
This move looks like a relief rally / early reversal attempt.
📊 Volume Analysis:
Huge volume expansion on the breakout candle. This indicates: ✔ Strong buyer participation
✔ Possible short squeeze
✔ Early accumulation phase
🎯 Key Levels to Watch:
🟢 Entry Zone:
Aggressive Entry: $1.65 – $1.75 (on pullback)
Breakout Entry: Above $1.85 with strong volume confirmation
🎯 Target Levels:
TP1: $2.20
TP2: $2.80
TP3: $3.15 (EMA99 resistance zone)
🔴 Stop Loss:
Below $1.45 (Safe)
Below $1.30 (For swing traders)
⚠ Important Note:
If price fails to hold above $1.60, we may see another retest of $1.20–$1.00 zone.
Trend reversal will only be confirmed if price sustains above $3.20.
📌 Conclusion:
This looks like the beginning of a short-term bullish reversal, but confirmation is still pending. Trade with proper risk management.
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$MYX
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