$MYX ⚡ 4.4% Dump & 9.2x Volume Spike on
$MYX , panic or opportunity?
- With the current high volume dump, this is likely a combination of panic selling and possible smart money running stops below liquidity zones. More downside is possible if buyers fail to reclaim 0.0845 or at least 0.0835 in the next few candles 🚨
- You could look for a short setup if price retests 0.0845 or 0.0862 and fails to break through, with confirmation via bearish candlestick patterns or strong rejection wicks
- Example short setup: Wait for a bounce to 0.0845–0.0862, then a rejection (such as a bearish engulfing or a pin bar with high volume), and enter short. First target is 0.0825, then 0.0800. Place stop-loss above the last swing high of the rejection wick (around 0.0865) to protect against a sudden reversal
- If, instead, price reclaims 0.0845 with momentum and closes above it, stay out of shorts — this would signal a potential reversal and short squeeze. In that case, wait for price action around 0.0862 to decide on further direction
- If price breaks below 0.0800 with strong selling, next downside target is 0.0744 — watch for another possible liquidity grab and reversal there
📝 This is not investment advice, only an educational analysis. Please always wait for clear confirmations — don’t chase the move after a big candle, let price show its hand at the next key level! Trade safe!
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