【MYXUSDT Signal】Long: Confirmation of Volume Breakout with Pullback on 4H

The price completed a key breakout within the 4H timeframe on March 15th. The first 4H candle (04:00-08:00) surged from 0.3628 to 0.4357 with a volume of 60.47 million, followed by the second candle (08:00-12:00) continuing to expand volume to 102 million, with the price reaching a high of 0.5164. This is a typical volume-price resonance breakout, with clear signs of institutional capital entering the market.

After the breakout, the price retraced, but the retracement showed signs of decreasing volume. From 12:00 to 20:00, across three 4H candles, volume decreased from 52 million, to 25.86 million, then to 18.53 million. On the 1H level, the price oscillated within the range of 0.3883 to 0.4025, with buy-side depth significantly exceeding sell-side. The order book shows that the total buy orders from levels 1 to 10 reach 183,000, while the total sell orders from levels 1 to 10 are only 47,700, making buy-side depth 3.84 times greater than sell-side, forming a solid support wall.

Open interest (OI) remains stable and did not decline sharply during the retracement, indicating that the long positions entered during the breakout have not panicked and exited. The current price of 0.408 is retracing to a dynamic support zone formed by the 1H EMA20 (0.4033) and EMA50 (0.3817). The 4H RSI at 64.66 is in a healthy, bullish zone with no overbought pressure.

🎯Direction: Long

⚡Entry: 0.395 - 0.405

🛑Stop Loss: 0.382

🚀Targets: 0.480 / 0.519

🛡Strategy: Take profit on half of the position at 0.480, and move the stop loss on the remaining position to the entry price to aim for the second target.

Logic: The order book depth reveals the structure of the opposing orders. There is a dense cluster of sell orders in the 0.4080-0.4090 range (about 10K), but buy orders start accumulating from 0.4060, with particularly 20K buy orders at 0.4058 and nearly 120K buy orders at 0.4057. This structure indicates that institutional funds have set up a strong "buy-side firewall" below key support levels to prevent deep retracements and absorb market selling pressure. The retracement volume is contracting, and buy-side depth is abnormally strong, which is a classic "shakeout and accumulate" pattern rather than distribution. The path of least resistance remains upward, aiming to clear floating positions before reaching the 0.5164 high and preparing for the next rally.

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