【$MYX Signal】Pullback to Long + 1H strong consolidation, main force clearly supporting the market

$MYX The 1H timeframe has experienced a significant rally and is now in a strong consolidation at high levels. The price is oscillating widely within the 1.055-1.23 range, currently holding above 1.11. Although the 4H candle shows a long upper shadow, open interest (OI) remains stable, and the order book’s buy depth is significantly better than sell depth (depth imbalance 27.8%), indicating that the main funds have not exited but are actively supporting the market and accumulating at this level. The 1H RSI (47.68) has recovered from overbought territory to neutral, preparing for another upward move.

🎯 Direction: Long (Long)

🎯 Entry/Orders: Enter in batches within the 1.105 - 1.115 range ( Reason: 1H EMA50 dynamic support zone + dense buy orders in the order book )

🛑 Stop loss: 1.055 ( Reason: Break below the recent 1H consolidation lower boundary and previous support )

🚀 Target 1: 1.23 ( Reason: Previous high resistance level and also the starting point of the 4H upper shadow )

🚀 Target 2: 1.35 ( Reason: 1.382 Fibonacci extension level of the 4H rally wave )

🛡 Trading management:

- Position size suggestion: Light position ( Reason: Intraday volatility is extremely high, ATR reaches 0.222, strict risk control is necessary )

- Execution strategy: Use a phased entry approach, building positions at 1.115, 1.110, and 1.105 in three batches. After reaching target 1, reduce position by 50% and move stop loss to the entry average price. Hold remaining position to aim for target 2; if the price retraces to 1.18 and breaks below, exit all positions.

Depth logic: The current market logic is “price rising + stable OI,” which is not simply a bearish squeeze but resembles healthy turnover after new funds enter. The Bid/Ask Ratio Depth is as high as 1.77, with solid support below. The 1H EMA20 (1.1755) and EMA50 (1.18) are about to converge, forming a strong support zone. If the price can volume-break through 1.125 (1H EMA20), it will confirm a short-term momentum restart, accelerating upward to test resistance.

View real-time quotes 👇 $MYX

---

Follow me: Get more real-time analysis and insights into the crypto market! $BTC $ETH $SOL
‍#我在Gate广场过新年 #Gate广场发帖领五万美金红包