$MYX Deep oversold signs are emerging, but the macro downward channel remains intact, and the bears are waiting for a rebound to take profits.


Go short now $MYX

Entry: 3.30 – 3.40

Stop loss: 3.50

First target: 2.88

Second target: 2.70

Third target: 2.50

Although the price is deeply oversold and there is a short-term rebound demand, the upper moving average system is forming strong resistance. A better strategy is not to chase the already significant decline but to patiently wait for the price to correct to the key supply zone (3.30-3.40). This zone is a dense area for bears to set up defenses. Once selling pressure reappears here, it is highly likely to trigger a new rapid decline, offering a better risk-reward ratio.

Trade $MYX here 👇
MYX-35,03%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)