From the point where we placed the red arrow on the chart, the MYX correction has begun.
The corrective phase is either an ABC pattern or a more complex structure. We are currently in Wave B of this phase. Wave B itself is an ABC, where Wave B of B formed a triangle that has now completed, and the price is currently in Wave C of B.
If the price reaches the red zone, we will look for sell/short positions.
The targets are marked on the chart.
A daily candle closing above the invalidation level will invalidate this analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
The corrective phase is either an ABC pattern or a more complex structure. We are currently in Wave B of this phase. Wave B itself is an ABC, where Wave B of B formed a triangle that has now completed, and the price is currently in Wave C of B.
If the price reaches the red zone, we will look for sell/short positions.
The targets are marked on the chart.
A daily candle closing above the invalidation level will invalidate this analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Trade ist aktiv
It pumped more than 192 percent and was rejected in the red zone.Considering that price attacked this area with a very large candle and collected liquidity, if the low of that large candle gets engulfed, a strong bearish trend may begin on MYX.
⚠️ Risk averse traders can wait for the large candle to be engulfed on the daily timeframe and then enter a position with proper risk management.
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✅ Join our Telegram channel to succeed in trading.
💎Our CRYPTO Telegram Channel: 👉 t.me/Behdark_EN
💎Our FOREX Telegram Channel: 👉 t.me/FX_Behdark
💎Our CRYPTO Telegram Channel: 👉 t.me/Behdark_EN
💎Our FOREX Telegram Channel: 👉 t.me/FX_Behdark
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.