【MYX Signal】Long: 4H Massive Breakout + Short Squeeze Structure

MYX completed a textbook-style volume-price resonance breakout on the 4-hour level. Core data chain: 4-hour K-line from March 15, 04:00-08:00 (UTC), trading volume surged from 6.5 million to 102 million, an increase of over 15x, price rose from 0.3628 to a high of 0.5164, a gain of 42.4%. In the same period, open interest remained stable at a high of 22.38 million USD, ruling out pure leverage speculation—this is real incremental capital entering the market. Current 1-hour RSI has healthily retreated from the overbought zone (79.95) to 61.95, falling within the strong consolidation category.

🎯 Direction: Long

⚡ Entry: 0.4250 - 0.4350

🛑 Stop Loss: 0.3703

🚀 Targets: 0.5516 / 0.6241

🛡 Strategy: Take profits on half the position at Target 1, move stop loss to entry price for remaining position, achieve risk-free trading with larger upside exposure.

Logic: The chart reveals a typical short squeeze structure. First, the daily chart shows price declining from 2.278 on February 14 to 0.348 on March 14, a drop of nearly 85%, short-side profit-taking fuel is extremely abundant. Second, this breakout is accompanied by massive volume, but the Buy/Sell Ratio has consistently oscillated around the neutral 0.5 level, even dropping to 0.41 on the last 1-hour K-line, indicating the rally is driven by active buyer takers rather than passive seller exhaustion. Third, order book depth shows ask-side orders (Asks) clustered in the 0.4363-0.4370 range with large accumulated orders (over 38,000), but price consolidates with reduced volume around 0.4365, while bid-side (Bids) in the lower 0.4350-0.4340 range forms a thick support wall (over 46,000 accumulated), indicating major capital is digesting selling pressure above and building a defense line. The path of least resistance is upward; once absorption completes, weak ask orders will be easily pierced.

View Live Price 👇 $MYX
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