$MYX — Approaching Historical Support, Potential Rebound Zone
Long $MYX
• Entry: 3.65 – 3.80
• Stop Loss: 3.30
Targets:
• TP1: 4.15
• TP2: 4.45
• TP3: 4.90
$MYX is nearing a key historical support level after an extended downside move. Bearish momentum is fading, suggesting that sellers are losing control and a short-covering or mean-reversion bounce may be imminent.
The entry zone (3.65–3.80) aligns with prior reaction points where buyers historically step in. Price compression in this area increases the probability of a rebound, while a measured stop at 3.30 protects against further downside.
This setup offers a favorable risk-to-reward scenario, with multiple upside targets identified for traders looking to capitalize on a potential recovery.
MYXUSDT
Perp
3.139
+7.24%