Pair: MYX/USDT
Timeframe: 6H
Structure: Symmetrical consolidation and breakout watch
MYX has been consolidating within a tightening structure, forming higher lows while repeatedly testing the descending resistance line. Price is now trading near the upper boundary and within a key supply zone, suggesting that a decisive move could be close.
Bullish case:
A confirmed breakout above 0.1100 with strong volume could trigger a continuation move to the upside. If that happens, the next targets to watch are 0.1400 and 0.1800. Look for a retest of the breakout level for a safer entry.
Bearish case:
If MYX fails to sustain above 0.1100 and breaks down below 0.0850, sellers may take control, with potential downside targets around 0.0750 and 0.0650.
Price is approaching a decision point. Monitor volume closely and wait for a clean breakout confirmation before entering a position. Set alerts and stay prepared for either direction.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.