$MYX
USDT (Perp) – 4H Quick Trade Analysis (Based on your chart)
Current Price: ~1.05
Trend: Overall downtrend, short-term dead-cat bounce from 0.80
Indicators Summary
Bollinger Bands:
Price rejected near Middle Band (≈1.18) → bearish sign
Upper Band far away → no strong bullish momentum yet
MACD:
Histogram slightly positive but weak
Momentum is fading after the bounce
Volume:
Spike on green candle, then selling volume → profit booking
Best Trade Setups (Not Financial Advice)
🔴 Short Setup (Safer)
Entry: 1.05 – 1.10
Stop Loss: 1.22
Targets:
TP1: 0.95
TP2: 0.85
TP3: 0.72
Logic: Price failed to hold above MB, trend still bearish
🟢 Long Setup (Risky Counter-Trend)
Entry: Only if price holds above 0.95 with strong volume
Stop Loss: 0.88
Targets:
TP1: 1.18
TP2: 1.35
Logic: Support bounce play, not trend reversal yet
📌 Key Levels to Watch
Resistance: 1.18 – 1.25
Support: 0.95 → 0.80 (very strong)
Conclusion:
📉 Trend is still bearish. Shorts are safer until price closes above 1.25 on 4H.