【$MYX Signal】Pullback to Long + 1H Strong Consolidation, Main Force Clearly Protecting the Market

The 1H timeframe experienced a significant rally and is now consolidating strongly between 1.05-1.15, with the price staying above 1.09. Although the 4H candle shows a long upper shadow, open interest (OI) remains stable, with no signs of panic outflows. The bid-ask depth ratio (bid_ask_ratio_depth=1.22) is significantly better on the buy side than on the sell side, indicating active support from major funds and a refusal to deepen the pullback. The 1H RSI (46.23) has recovered from overbought territory, preparing for another upward move.

🎯Direction: Long $MYX Long(

🎯Entry/Order: 1.085 - 1.095 )Reason: 1H EMA20(1.1597( below key support zone, with dense buy orders on the order book )

🛑Stop Loss: 1.055 )Reason: Break below the previous low of the 1H consolidation platform, invalidating bullish structure (

🚀Target 1: 1.22 )Reason: 4H previous high resistance level, also the starting point of yesterday’s sharp rally (

🚀Target 2: 1.45 )Reason: 4H Fibonacci extension at 1.618 of the upward wave (

🛡️Trade Management:

- Position Size: Light )Reason: Intraday volatility is extremely high, ATR reaches 0.224, strict risk control needed (

- Execution Strategy: After reaching Target 1 at 1.22, reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price of 1.095. If the price strongly breaks through 1.22 and stabilizes, hold the remaining position to aim for Target 2.

Depth Logic: Market logic suggests that price increases should be judged in conjunction with open interest. The current price has retraced significantly from the high of 1.84, but OI remains stable and has not sharply declined with the price drop, ruling out purely bearish liquidation. It appears to be a main force support after profit-taking. The buy/sell ratio on the 1H chart has repeatedly stayed above 0.5, indicating active buying. Although the depth imbalance is 9.93% on the sell side, buy orders below are heavy, creating strong support. This is a typical “first major correction of a strong coin” pattern, with a game for a secondary rally.

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