【$MYX Signal】Pullback to Long + 1H Level Oversold Rebound Play

$MYX The 1H level just experienced a sharp decline, with the price quickly rebounding after touching 0.392. RSI(1H) entered the oversold zone, indicating a short-term technical correction is needed. The 4H level remains in a downtrend, but the latest candlestick has a very long lower shadow, showing strong buying support below and short-term exhaustion of the bears. Combined with order book depth, sell orders are stacked above 0.400, but buy orders are unusually thick in the 0.390-0.392 range, forming a short-term support platform.

🎯Direction: Long (Long)

🎯Entry/Orders: 0.395 - 0.398 (Enter in batches near the current price)

🛑Stop Loss: 0.385 (Break below previous low support level)

🚀Target 1: 0.420 (1H EMA20 and previous small platform resistance)

🚀Target 2: 0.440 (Previous rebound high on the 4H level)

🛡️Trade Management:

- Position suggestion: Light position (Crypto with high volatility, strictly control risk)

- Execution strategy: Use staggered entries, first at 0.395, second after confirmation at 0.398. After reaching Target 1, reduce position by 50% and move stop loss to entry price 0.398. Hold remaining position for Target 2, and if the price stalls around 0.420, consider exiting early.

Depth logic: Currently, the 1H RSI is only 37.67, near oversold, indicating a rebound basis. Although the 4H trend is bearish, the 1H level shows a long lower shadow + imbalance in buy depth(2.05%), suggesting active support around 0.392. Open interest remains stable and has not dropped sharply with the price decline, indicating it’s not a large-scale long squeeze but more like a short-term shakeout. Funding rate is normal at 0.005%, with no liquidation risk. This is a typical oversold rebound play, with the key being a firm stop loss.

View real-time quotes 👇 $MYX

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