MYX's "Contradictory Signal" has exploded! This juncture is crucial! 🔥
MYX Finance (#MYX ) has surged 80% over the past 5 weeks, steadily climbing from $1.7, and bulls are starting to fantasize about a strong rebound to $5 to $5.6—but hold on, there are some signals that seem a bit strange.
📌 Daily: Bullish bias, but funds are flowing out?
The daily structure has reversed upwards on 11/18, with $2.3 as key support and $3.45 becoming new resistance.
However, the CMF has been hovering below -0.05, indicating a continuous outflow of funds, and bearish pressure is significant. Although the MACD is above the zero line, the momentum is not strong—it's that kind of "bullish but hesitant" rhythm.
📌 Hourly: Structure is bearish, but momentum is converging
The bearish structure still dominates on the hourly chart, and the old demand zone of $3.05–$3.15 has turned into a resistance level.
CMF is around 0, MACD has a golden cross—selling pressure isn’t as intense, and the market is waiting for direction.
🔮 Next up: The key lies at $3.2
If MYX is pushed back to $3.15–$3.2 again, it could retrace to $2.7 → $2.3.
But if it breaks strongly above $3.2, the daily bulls may take over again, targeting $3.45 → $4–$4.2.
💡 Trader's small suggestion
Don’t rush in; consider going long after a break above $3.2. The daily structure is upward, and trading with the trend at this point offers a better risk/reward ratio.
In summary: Although MYX has been strong for two weeks, it hasn't completely walked out of the shadow of the October crash. A break above $3.2 is the real signal for the next phase of the market. 📈✨
