【$MYX Signal】Pullback to Long + 1H Strong Consolidation, Preparing for a Second Surge

$MYX The 1H timeframe experienced a massive rally yesterday and is currently consolidating strongly at high levels, with the price staying firmly above the 1H EMA20/50 moving averages. This is a typical bullish continuation pattern. Although the 4H timeframe faces resistance from the EMA20, the large volume candle yesterday with over 50% increase has already signaled institutional entry, with open interest stable. The pullback presents an opportunity.

🎯Direction: Long (Long)

🎯Entry/Order: 0.472 - 0.475 (Enter near current price)

🛑Stop Loss: 0.443 (Break below yesterday’s 4H low, invalidating the structure)

🚀Target 1: 0.505 (Previous high resistance, first take-profit level)

🚀Target 2: 0.548 (All-time high, break through for new highs)

🛡️Trade Management:

- Position Size: Light (Reason: Intraday volatility is high, ATR reaches 6.3%, risk control is essential)

- Strategy: When price reaches 0.505, reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price of 0.475. If the price strongly breaks through 0.505 and stabilizes, consider targeting 0.548 with the remaining position.

Deep Logic: Yesterday’s 4H volume surged to 67 million, four times the previous candle, indicating clear capital inflow. Although the current market logic suggests “price rising,” open interest remains stable rather than decreasing, indicating that it’s not purely short covering but new long positions are entering. The 1H RSI is at 55.97, in a healthy bullish zone with room to move higher. The order book shows buy-side depth (bid_ask_ratio_depth: 1.14) slightly better than sell-side, with dense orders in the 0.46-0.47 range providing support. Combined with the daily trend, the price has rebounded violently from a low of around 0.4, up over 20%, with momentum still intact.

Check real-time market 👇 $MYX

---

Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL
‍#我在Gate广场过新年 #加密市场反弹