$MYX /USDT — Short Trade Setup
$MYX is showing signs of short-term weakness, presenting a high-probability shorting opportunity. Price action suggests sellers are stepping in, favoring downside continuation while resistance holds.
Trade Details (Short):
Entry Zone: 5.55 – 5.70
Stop Loss: 6.20
Profit Targets:
TP1: 5.00
TP2: 4.50
TP3: 3.95
Why This Setup:
Price is encountering resistance and failing to sustain upward momentum
Downside continuation is favored while price remains below the entry zone
Risk is clearly defined with a stop loss at 6.20
Trade Strategy:
Enter near the lower bound of the entry zone for optimal risk-reward
Consider scaling out positions at each TP to secure profits
Monitor price action near TP2 and TP3 for possible consolidation or rebound
Risk Management:
Keep position size aligned with your risk tolerance
Avoid entering if price breaks above 5.70 before confirmation
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