$MYX

Suggested trade (high-risk, not financial advice — use strict risk management):Best near-term setup: Open Short (Sell) at/near current levels (~0.965–0.970) Rationale: Momentum is strongly bearish. The token has been dumping hard with no meaningful bounce holding. Funding rate appears negative in some data (shorts potentially getting paid), which can encourage more short pressure in backwardation scenarios. The chart shows rejection at the descending trendline (purple MA) and failure to reclaim higher levels.

Entry: Market sell or limit around 0.968–0.972 (if it retests the area just above current price).

Leverage: Keep it low (3–10x max) — volatility is extreme, liquidation risk is high on perps.

Take Profit (TP): First target: 0.91–0.93 (near recent swing low visible on chart ~0.910).

Stretch target: 0.85–0.90 if momentum continues (possible oversold capitulation).