【MYX Signal】Long: 4H Massive Breakout + Short Squeeze Structure

MYX completed a textbook volume-price resonance breakout at the 4-hour level. Core data chain: March 15, 04:00-08:00 (UTC) 4-hour candle, trading volume surged from 6.5 million to 102 million, increase exceeding 15x, price rushed from 0.3628 to a high of 0.5164, gain of 42.4%. During the same period, open interest remained stable at high 22.38 million USD, ruling out pure leverage speculation—genuine incremental capital entering the market. Current 1-hour RSI healthily retreated from overbought zone (79.95) to 61.95, falling within strong consolidation range.

🎯 Direction: Long

⚡ Entry: 0.4250 - 0.4350

🛑 Stop Loss: 0.3703

🚀 Targets: 0.5516 / 0.6241

🛡 Strategy: Reduce position by half upon reaching Target 1, move stop loss of remaining position up to entry price, risk-free play for higher space.

Logic: Chart reveals typical short squeeze structure. First, daily chart shows price declining from 2.278 on February 14 all the way to 0.348 on March 14, a decline of nearly 85%, short-side fuel (profit-taking orders) extremely abundant. Second, this breakout accompanied by massive volume, but Buy/Sell Ratio consistently fluctuates around 0.5 neutrality, even dropping to 0.41 on the final 1-hour candle, indicating upside driven by active buy orders (Taker), not passive sell-side exhaustion. Third, order book depth shows Asks stacked with large orders in 0.4363-0.4370 range (cumulative exceeding 38,000), yet price consolidates around 0.4365 on low volume, Bids forming thick support wall below at 0.4350-0.4340 range (cumulative exceeding 46,000), indicating main force capital digesting upper selling pressure and building defensive line. Path of least resistance is upward, once digestion completes, will easily pierce through weak sell-side zone.

View real-time chart 👇 $MYX
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