$MYX USDT (MYX Finance perpetuals) shows a sharp downtrend after peaking, with the price now at 0.355 USDT, down -10.13% in the last 24 hours. It has plunged from highs around 0.443, forming strong bearish candles and breaking below key EMAs (EMA8 at ~0.81, EMA13 at ~1.35, EMA21 at ~2.13 – way above current levels).
The chart displays a clear breakdown: heavy red candles, price collapsing under multiple EMAs, now testing lows near 0.337. Stochastic is oversold (K:3.00, D:4.36, J:0.29), RSI(6) at 9.26 and RSI(14) at 20.70 – deeply oversold territory, signaling extreme selling exhaustion. Volume spiked on the drop but is tapering, hinting at potential capitulation.
This setup screams oversold bounce potential in a volatile altcoin like $MYX – a perp DEX token that's been making waves in DeFi. Momentum could flip if buyers step in here.
🚨 TRADE FORECAST: SHORT-TERM LONG SETUP 🚨
Enter LONG $MYXUSDT around current levels ~0.355
🎯 Take Profit: 0.42 (first target, ~18% upside), extend to 0.48 if momentum builds
🛑 Stop Loss: 0.325 (below recent low for protection, ~8.5% risk)
High risk, high reward – perfect for scalpers or swing traders watching for reversal confirmation. DYOR, manage risk!
Trade $MYX USDT Now! Follow & turn 🔔 on for more alpha calls ✅ Don't miss the next pump!
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