#MYX
The price is moving within a bearish channel on the 1-hour timeframe; it has reached the lower boundary and appears poised for a rebound. A retest of this boundary is expected, supporting some upward movement.
The Relative Strength Index (RSI) indicates a bearish trend, but an upward breakout is likely due to oversold conditions on the 1-hour timeframe.
There is a key support zone (marked in green) at 0.05385; the price has bounced off this area multiple times, making it a strong support level.
There is also secondary support at 0.05738.
The price is moving toward the 100-period moving average—a level we are currently approaching—which supports a potential rise.
Entry Price: 0.06120
Target 1: 0.06209
Target 2: 0.06365
Target 3: 0.06542
Stop Loss: At the green resistance zone.
Remember this simple rule: Capital management.
If you have any questions, please leave a comment.
Thank you.
The price is moving within a bearish channel on the 1-hour timeframe; it has reached the lower boundary and appears poised for a rebound. A retest of this boundary is expected, supporting some upward movement.
The Relative Strength Index (RSI) indicates a bearish trend, but an upward breakout is likely due to oversold conditions on the 1-hour timeframe.
There is a key support zone (marked in green) at 0.05385; the price has bounced off this area multiple times, making it a strong support level.
There is also secondary support at 0.05738.
The price is moving toward the 100-period moving average—a level we are currently approaching—which supports a potential rise.
Entry Price: 0.06120
Target 1: 0.06209
Target 2: 0.06365
Target 3: 0.06542
Stop Loss: At the green resistance zone.
Remember this simple rule: Capital management.
If you have any questions, please leave a comment.
Thank you.
Trade chiuso: obiettivo raggiunto
Nota
#MYXTarget 1: 0.06209 Reached
Target 2: 0.06365 Reached
Target 3: 0.06542 Reached
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📍Trade Smart & Stay Protected⭐️
Join Our Telegram Channel Signals Futures and Spot Free
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📌 We're open to Promotions, Ads & Partnerships: ☎️ t.me/CryptoAnalystsignal
Join Our Telegram Channel Signals Futures and Spot Free
👉 t.me/+5q-wUc9Nae8wMjRk
📌 We're open to Promotions, Ads & Partnerships: ☎️ t.me/CryptoAnalystsignal
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.