【$MYX Signal】Waiting for a pullback, 1H momentum weakening, 4H overbought needs digestion

$MYX 1H level surge and pullback, 4H Bollinger upper band at 0.3764 effectively suppresses, buying depth imbalance -11.27%, active selling pressure emerges. 1H MACD shows a bearish crossover below, histogram contracts, momentum weakens. Although the 4H level is in a bullish arrangement, RSI at 72 has entered the overbought zone, indicating short-term profit-taking needs are building.

🎯Direction: Watchful, waiting for a pullback to add positions.

⚡Entry/Order: Near the lower boundary of the 0.2780 - 0.3491 range, specifically at 0.2850.

🛑Stop loss: 0.2500

🚀Target 1: 0.3338

🚀Target 2: 0.3617

🛡️Trade management:
- Execution strategy: Reduce 50% of the position after reaching Target 1, and move the stop loss to break-even. If the price falls back into the entry zone, exit automatically to protect capital.

Current price 0.3509 is close to the intraday high, chasing higher directly offers poor risk-reward. Funding rate at 0.005% is relatively low, with no signs of extreme short squeeze. 1-hour trading volume is shrinking, indicating reduced willingness to push higher. A more prudent strategy is to wait for the price to retest the 4H EMA20 at around 0.2774, and when it resonates with the 1H support, then re-enter. This deep correction after an initial rapid rise is often a better entry point.

Check real-time market 👇 $MYX
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