📉 Key Takeaways for the MYX/USDT Market

Global Trend: Downtrend (Lower Lows, Lower Highs on 1D).

Locally: Consolidation (sideways) forming with Equal Lows (EQL).

RSI (Relative Strength Index):

1h: ~53 (neutral)

4h: ~48 (neutral, exiting oversold zone)

1d: ~22 (strong oversold) — this is a key signal of potential for a rebound.

Volumes: Volume increased during the decline; current rally shows low volume.

🎯 Trading Scenario (LONG)

The author proposes a cautious long scenario, but not at current prices—rather, after an expected downward sweep to capture liquidity.

Key Logic:

Downward Magnet: The liquidation chart shows a massive red bar (accumulation of stop-losses and liquidations) at $0.2850. There is a high probability that a large player will first move down to collect this liquidity.

Upward Magnet: The CoinGlass Heatmap reveals a massive liquidity pool in the $0.5000–$0.7500 range. This is the long-term target.

Long Entry Plan (limit orders):

Entry Zone: From current $0.3121 (15% position), main accumulation at $0.30 (20%) and $0.285 (40%)—entry on liquidity pool collection.

Overall Stop-Loss: Below $0.26.

Take-Profit Targets:

TP1: $0.339 (20% position) — nearest short liquidity pool.

TP2: $0.439 (30%).

TP3: $0.505 (30%) — start of the global liquidity zone.

TP4: $0.60 (20%).

💡 Summary

The $MYX token is heavily oversold on the daily chart and has significant upside potential (toward the $0.50+ zone). However, due to the risk of a downward liquidity sweep, buying at current prices is dangerous. The optimal strategy is to place limit buy orders in the $0.2850–$0.2900 range and wait for the final downward sweep before the rally.

#MYX #MYXUSDT #MYXSHORT #MYXLONG