MYX Update - High Risk, High Reward Zone Since its breakout, $MYX had provided an enormous 100% gain to the upside. The trend was great, and here is the critical period. The price has now returned into the former support zone (green box area) that may serve as a major area of demand. In this case a more dangerous re-entry installation can be established. Scenario: In case of support and a reversal by buyers, the following upside level will be around 2.235 which coincides with the second significant resistance level. Of course, follow-up is high volatility, risk is to be taken.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
MYX Update - High Risk, High Reward Zone Since its breakout, $MYX had provided an enormous 100% gain to the upside. The trend was great, and here is the critical period. The price has now returned into the former support zone (green box area) that may serve as a major area of demand. In this case a more dangerous re-entry installation can be established. Scenario: In case of support and a reversal by buyers, the following upside level will be around 2.235 which coincides with the second significant resistance level. Of course, follow-up is high volatility, risk is to be taken.