【$MYX Signal】 Long + Pullback Confirmation After Massive Breakout

$MYX The 1H level massive bullish candle broke through the previous consolidation box with strong momentum. The current volume contraction pullback is an excellent second entry opportunity.

🎯 Direction: Long

⚡ Entry/Pending Order: 0.358 - 0.368 (pullback dip buy)

🛑 Stop Loss: 0.347

🚀 Target 1: 0.450

🚀 Target 2: 0.491

🛡 ️ Trade Management:
- Execution Strategy: After price touches the first target of 0.450, reduce position by 50% and move the stop loss of remaining position to near the entry price. Lock in profits and let the remaining position trade for higher levels in a zero-risk state.

Deep Logic: Although 1-hour RSI is as high as 85, appearing overbought, the 4-hour level has just broken through and trend momentum is still in its early stage. More importantly, when the latest 1-hour candle pulled back from its highs, open interest (OI) remained stable with no panic selling-induced sharp decline in positions. This indicates that bullish whales have not exited. The current pullback appears more like profit-taking and testing the validity of the breakout through a technical pullback. Order book depth shows dense buy orders accumulating in the 0.437-0.438 zone, forming a solid first line of defense.

View Real-time Chart 👇 $MYX
---
Follow me: Get more real-time crypto market analysis and insights! $BTC $ETH $SOL
‍#Gate广场AI测评官 #Gate2月衍生品市场份额创新高 #加密市场上涨