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【MYX Signal】Long: 4H Massive Breakout + Sustained Capital Inflow, Main Uptrend Confirmed
Data reveals core contradiction: Price completed a violent breakout of the long-term downtrend at the 4-hour level, with trading volume and open interest (OI) providing dual verification.
4H candlestick shows that during the 03-15 04:00 to 08:00 two periods, price surged from 0.3628 to a high of 0.5164, with cumulative trading volume reaching 162.6 million, over 25 times the average of previous periods. Meanwhile, open interest (OI) remained stable at 22.38 million, indicating that new capital is for genuine long positions, not pure short-term speculation. Current price 0.4365 pulled back to the middle of the massive bullish candle, forming a strong consolidation.
1-hour buy/sell ratio (0.41-0.51) does not show overwhelming buying pressure, but order book depth reveals key information: buy-side (Bid) depth significantly stronger than sell-side (Ask). Total bid orders from bid 1 to bid 20 (approximately 68,000) far exceed ask 1 to ask 20 (approximately 49,000), with buy orders accumulating heavily in the 0.4340-0.4355 zone, forming a solid support wall. Funding rate at +0.0050% is in a healthy positive range, showing no extreme greed, favorable for trend continuation.
Technical indicators in convergence: Daily RSI 79.95 enters overbought territory, but 1-hour RSI has fallen back from the high to 61.95, gathering momentum for another upward move. Price holds above 1H EMA50 (0.3703) and 4H EMA20 (0.3598), with moving average system in bullish alignment. ATR (0.0288) expanding, showing volatility activation with abundant trend momentum.
🎯Direction: Long
⚡Entry: 0.4350 - 0.4380 (above the dense buy order zone)
🛑Stop Loss: 0.4235 (break below yesterday's massive volume launch low)
🚀Targets: 0.5160 (previous high resistance) / 0.6240 (daily structure extension level)
🛡Strategy: At 0.5160, reduce position by 50%, move stop loss of remaining position up to entry price, risk-free play on second target.
Logic: The market presents a typical institutional-driven breakout. Massive bullish candles combined with stable OI indicate real capital inflow rather than washout activity. Current pullback with shrinking volume and thick buy order placement indicate institutions haven't left but are digesting short-term profits. Order book depth imbalance (buy wall) locks down downside, with bears lacking ammunition to smash at this level. Direction of least resistance clearly upward, any pullback to dense buy zones provides institutional-provided entry opportunities. Market logic signals "sustained institutional capital inflow," completely aligned with data evidence chain.
View live market 👇 MYXUSDT
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