【MYXUSDT Signal】Long: Healthy Pullback Confirmation After Massive Breakout

On the 4-hour timeframe, price initiated from 0.3569 and completed a massive breakout over two cycles from 03-15 04:00 to 08:00. Key data: trading volume surged from 6.5 million to 102 million, an increase exceeding 15x, with price reaching a high of 0.5164. This is typical volume-price resonance with major capital entering in earnest.
Subsequently, price pulled back with contracting volume to around 0.395. Current 1-hour trading volume has shrunk to 3.33 million, only 3% of the peak. Buy/sell ratio remains stable around 0.5, showing weakening selling pressure. Order book depth shows dense buy orders in the 0.398-0.400 range (cumulative over 35,000), forming a solid support wall. On technical indicators, the 4H EMA50 (0.3415) and 1H EMA50 (0.3752) form a strong support band below, with current price exchanging chips above this zone.

🎯Direction: Long

⚡Entry: 0.3970 - 0.4020

🛑Stop Loss: 0.3677

🚀Targets: 0.4583 / 0.4885

🛡Strategy: Reduce position by half at target 1, move stop loss of remaining position to entry price, risk-free trading towards higher targets.

Logic: Deep data reveals the counterparty's dilemma. Massive rally followed by contracting pullback is typical liquidation behavior by major players, designed to shake out uncommitted longs. Order book buy orders pile up like mountains, downside space is physically locked. Under positive funding rate (0.0050%), short positions continue to incur costs, providing fuel for subsequent rallies. Current market structure shows upside breakout above the previous high of 0.5164 is the path of least resistance, with the end of washout signaling the start of the second rally.
View Real-time Chart 👇 MYXUSDT
---
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