$MYX USDT / USDT – Bearish Continuation Setup

Market Structure

Price is making lower highs & lower lows

Strong sell-off from ~3.65, no bullish structure formed

Current price is below key intraday resistance

Overall momentum remains bearish

Key Resistance Zone

3.40 – 3.48

Previous breakdown + rejection zone

Price reacting weakly after a small pullback → favors shorts

Short Entry Zone

3.38 – 3.42

Ideal entries near 3.40 – 3.45 if price taps resistance again

Targets

TP1: 3.30

TP2: 3.23

TP3: 3.20 – 3.18 (liquidity sweep zone)

Stop Loss

Above 3.50

Invalidation if price reclaims and holds above resistance

Bias & Outlook

Bearish continuation

Any bounce is likely a pullback, not a reversal

Expect further downside as long as price stays below 3.48–3.50

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Trade Management

Partial profits at TP1

Move SL to breakeven after TP1 hit

Avoid longs unless a clear structure break + reclaim happens

If you want, I can:

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