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#MYX Through Aice100’s data analysis, it can be seen that when the $MYX price is around $0.0876, the 24h price change is -14.12%.
It looks like short-term momentum is weakening quickly, and the risk of turning weak from a high level is increasing.
That said, on the big players’ side, the long-to-short positioning is 60:40, clearly more bullish. Don’t rush to bottom-fish before the weakness has ended.
Hold $0.08497—there is room for a rebound. Only when it stands back at $0.08979 can it be considered more eased.