【$MYX Signal】Pullback to go long, 1H level charging up and ready to launch

$MYX 1H level surge and pullback, the price quickly retraced from the high of 0.6288 to around 0.376, with buying interest forming effective support at 0.3521. The 4H Bollinger Band upper band at 0.3555 has been pierced, and the current price is consolidating below it. The MACD histogram is still expanding, but the 1H MACD fast and slow lines show signs of convergence, indicating short-term momentum is temporarily slowing down.

If the price can hold above 0.3759, it is considered a signal of bulls regrouping.

⚡Entry: Enter around 0.3759.

🛑Stop loss: 0.2432.

🚀Target 1: 0.3075.

🚀Target 2: 0.3290.

🛡️Trade management: - Execute strategy: after reaching Target 1, reduce position by 50% and move the stop loss to breakeven. If the price falls back to the entry level, exit automatically to protect capital.

The 4H EMA20 at 0.2641 is far from the current price, providing ample room for a pullback buffer. The 1H EMA50 at 0.2743 acts as a deeper line of defense. Market depth shows balanced buying and selling forces, with no signs of panic selling. This healthy pullback after a sharp rise is often to test the market’s true support strength, making the risk-reward ratio attractive at this position.

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