$MYX is under heavy selling pressure right now, down 31% in the last 24 hours. I’m seeing exhaustion from buyers as price struggles far below all key moving averages. The 7-day MA sits at $5.86, showing there hasn’t been any real recovery yet. The immediate level to watch is $3.82 — if that breaks, the next downside target could be $3.23. Any reversal would need a close above $4.14, but momentum is weak and buyers are struggling to defend. This setup favors cautious trading or short term downside plays.

Trade Setup

Entry Zone: Enter short if $3.82 breaks decisively, or consider small entries near resistance for bounce trades

Target Points:

TP1: $3.50

TP2: $3.23

Stop Loss: Above $4.14 for shorts, or below $3.82 for bounce longs

Why this works:

This works because price is far below moving averages and key support levels are testing buyer strength. I’m trading based on structure — the trend is clearly bearish, buyers are exhausted, and momentum is on the downside. Selling below $3.82 captures the continuation move, while the stop above $4.14 protects against any unexpected recovery. This setup relies on clear levels and real-time reaction rather than guesswork, making risk and reward transparent.

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