【MYX Signal】Pending Long Order: Volume Contraction at Key Support, End of Main Force Shakeout

The MYX 1-hour chart clearly shows a structure of volume surge followed by a volume decrease and pullback. Between 10:00 and 11:00, two large candles surged to 0.5164 before retreating, with trading volume dropping sharply from 32.46 million to 3.69 million—over a 90% decline—yet the price remained range-bound between 0.4003 and 0.4062, refusing to decline further. The buy/sell ratio stays below 0.5, indicating selling pressure from retail traders, but the order book depth shows buy orders (in the 0.4010-0.4023 range) significantly thicker than sell orders (in the 0.4024-0.4043 range), forming a support cushion. The 1-hour EMA50 (0.3745) provides strong support below, resonating with the upper boundary of the month-long daily support zone. The current price at 0.4022 is closely hugging the EMA20 (0.4085), indicating a healthy technical pullback.

🎯 Direction: Pending Long

⚡ Entry: 0.3980 - 0.4010

🛑 Stop Loss: 0.3670

🚀 Targets: 0.4645 / 0.4969

🛡 Strategy: Reduce half of the position at Target 1, move the remaining position to breakeven, and aim for Target 2.

Logic: A sharp volume surge followed by extreme contraction is a classic institutional shakeout and accumulation pattern. Retail traders panic-sell due to the low buy/sell ratio, but the buy orders in the order book effectively cap downside risk. The price stabilizes above key moving averages and the previous daily support level, with bears unable to push the price below the volume surge zone, indicating exhaustion of selling pressure. Institutions use volume contraction and volatility to shake out weak hands, building momentum for a second rally. The upward move is the path of least resistance.