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MYXUSDT shows signs of stabilization in the deep decline zone, and the bearish momentum seems to be weakening, with a potential rebound brewing.
Caution: Go long $MYX
Entry: 3.35 – 3.40
Stop Loss: 3.20
Target 1: 3.65
Target 2: 3.78
Target 3: 4.20
After experiencing a significant sell-off, the price is showing temporary stability at historical lows. The key reversal signal is a bullish crossover on the MACD indicator, suggesting that the prolonged downward momentum may be weakening, opening the door for a technical rebound. However, extremely diminished trading volume is a major concern, indicating that the sustainability of the rebound is questionable, more like a correction after overselling rather than a trend reversal. This is a high-risk opportunity to bet on a rebound, and only consider entering when the price confirms support from buyers.
Trading $MYX opportunities are here 👇