$MYX/USDT

Current Price: 11.22
Target Price:

- TP1: 12.70 (Neckline breakout level/Fibonacci 38.2% retracement level)
- TP2: 13.30 (Fibonacci 61.8% extension level)
- TP3: 14.00 (historical high/Bollinger Band upper limit)
Stop-loss price: below 11.60

Reason for purchase:

1. Support Validity:
- The price has formed a "double bottom" structure at the key support zone of 12.07 (12.07→12.07→11.22), MA(7) diverges with a golden cross from MA(25).
- 12.07 corresponds to the Fibonacci 50% retracement level (from the drop of 16.88 to 12.07)
2. Trend Structure:
- The daily level has formed a "double bottom" breakout pattern, with the neckline at 12.70
- Short-term trend is upward, price breaks through MA(50) 11.50
3. Breakthrough Potential:
- After breaking 12.70, open up the upward space of 14.00+ (Fibonacci 61.8% extension level)
- If a valid breakthrough occurs, it may trigger the liquidation of 2.0x leveraged contracts, driving the price to rise rapidly.
4. Indicator Verification:
- RSI(14)=65 (neutral to bullish), MACD red bars expand, dual line golden cross
- KDJ forms a "golden cross" signal, and the J value remains upward
- The OBV indicator has reached a new 30-day high, indicating sustained capital inflow.

Key technological features:

- The upper Bollinger Band on the daily chart has expanded to 12.50, with the price breaking through the middle band (11.50).
- Fibonacci extension levels: 12.70 is the 161.8% extension level, 13.30 is the 261.8% extension level.
- The 15-minute chart forms a "cup and handle" breakout pattern, measuring a price increase of 1.50.

This content is for reference only and should not be considered as investment advice.