MYX's recent movement is indeed quite interesting. From the daily chart perspective, the decline has already exceeded 90%, and it is currently stuck at the 6.35 level. But the key point is—there are more obvious signs of continuous breakthroughs on the 1-hour and 4-hour charts, combined with on-chain data indicating that the main players are gradually accumulating. These signals together are still worth paying attention to.
As the price retraces to this range, there is still considerable upward potential. From a technical standpoint, when opportunities for such oversold rebounds appear, they usually don't give much time for hesitation. Main players tend to act quickly when positioning, and once a breakout is confirmed, there could be a good subsequent rally.
Looking at the current situation, the risk-reward ratio still leans towards the reward side. Of course, this is not investment advice, just an observation based on data. Those interested can keep an eye on the upcoming breakout developments.
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SnapshotDayLaborer
· 01-03 10:52
Even a 90% drop didn't kill it; this is the real sign that the main players are genuinely optimistic.
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At the critical 6.35 level, the main players' accumulation actions are so obvious that it's a pity not to see through it.
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The oversold rebound is just this much; the window of opportunity passes in the blink of an eye, you need good eyesight.
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Wait for the breakout confirmation before jumping in; don't get stuck at the bottom.
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The risk-reward ratio is reversed; what does this indicate?
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The main players' tactics are quite steady; accumulating slowly without anyone noticing.
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Both the 1-hour and 4-hour small cycles are moving; it's likely not a false alarm.
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Having already experienced a 90% decline, now you're afraid to buy? That's a bit funny.
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The key is whether it can truly break through; good technicals alone are useless.
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The biggest fear for such oversold coins is a rebound to the halfway point and then a further drop; by then, it will be too late to cry.
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DAOdreamer
· 01-03 10:51
Even a 90% drop didn't kill it; this accumulation of chips is indeed quite aggressive.
The main force's moves are really fast; missing out once means waiting half a year.
The key level at 6.35, only if it breaks will there be a story.
But it still depends on whether the breakout can hold steady; there are too many false breakouts.
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SatoshiChallenger
· 01-03 10:48
Down 90% and still talking about a breakout, the data speaks for itself, everyone. Historically, projects like this rarely rebound more than 15%, and then what? Back to the floor.
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DuckFluff
· 01-03 10:47
Even a 90% drop didn't kill it. This time, there really is something.
Whether the main force is accumulating or not, we'll see after a breakout.
The key level at 6.35—if it breaks, it will skyrocket; if not, just keep waiting.
NGL, these oversold rebounds often pull back immediately, and before you can react, they're gone.
On-chain data looks okay; it all depends on how the next two days unfold.
MYX's recent movement is indeed quite interesting. From the daily chart perspective, the decline has already exceeded 90%, and it is currently stuck at the 6.35 level. But the key point is—there are more obvious signs of continuous breakthroughs on the 1-hour and 4-hour charts, combined with on-chain data indicating that the main players are gradually accumulating. These signals together are still worth paying attention to.
As the price retraces to this range, there is still considerable upward potential. From a technical standpoint, when opportunities for such oversold rebounds appear, they usually don't give much time for hesitation. Main players tend to act quickly when positioning, and once a breakout is confirmed, there could be a good subsequent rally.
Looking at the current situation, the risk-reward ratio still leans towards the reward side. Of course, this is not investment advice, just an observation based on data. Those interested can keep an eye on the upcoming breakout developments.