$MYX / USDT — Bearish Reversal at Resistance
$MYX is showing clear signs of exhaustion near the top, with buyers unable to sustain further upside. Price is reacting strongly from a well-defined resistance zone, indicating increasing seller control.
Trade Idea: SHORT
Entry: 5.96 – 6.08
Stop Loss: 6.30
TP1: 5.59
TP2: 5.42
TP3: 5.07
Rationale:
Price has stalled at a key resistance area where selling pressure is re-emerging. A visible SMT divergence at the highs, combined with a break in market structure, suggests a shift toward bearish conditions. With notable sell-side liquidity resting below the current consolidation range, downside continuation remains the higher-probability path.
MYXUSDT
Trajne ter. pog.
5.779
-4.30%