$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 ⚠️

#MYX $MYX