【$MYX Signal】Long - Confirmation of pullback after strong breakout on the 1H timeframe

$MYX The 1H timeframe has been in a strong consolidation after a historic rally. The price is oscillating narrowly between 1.68-1.70, with the 1H RSI(78.7) high but not overbought, indicating that buying momentum remains strong. The 4H timeframe has just completed a violent breakout from the long-term downtrend, with a large bullish candle confirming a reversal, currently digesting profit-taking. Open interest remains stable, funding rate at 0.0767% is positive but not overheated, combined with the order book showing significantly thicker buy orders than sell orders (depth imbalance of 3.67%), indicating clear support from the main players. The pullback is an opportunity.

🎯Direction: Long (Long)

🎯Entry/Order: 1.675 - 1.685 (Reason: The 1H EMA20(1.2329) is well below the current price, with support at the lower boundary of the strong consolidation zone and at round numbers)

🛑Stop-loss: 1.620 (Reason: Falling below the pullback low after the first wave of rally at 1.582, and at ATR(0.18), a one-times defensive level)

🚀Target 1: 1.840 (Reason: Breakout of previous high resistance, creating a new high)

🚀Target 2: 2.000 (Reason: Psychological round number and initial extension based on breakout structure)

🛡️Trade Management:

- Position size suggestion: Light (Reason: Daily gains have exceeded 60%, volatility is high, risk first)

- Execution strategy: Use scaled profit-taking. Close 50% at Target 1, move the remaining stop-loss up to the entry price of 1.685. If the price strongly breaks through 1.84, move the remaining stop-loss up to 1.78 to aim for Target 2.

Depth logic: This is a typical scenario of a short squeeze followed by main support from the bulls. 4H volume surged, with the price rising from 0.9 to 1.84, heavily damaging the shorts. Currently, the 1H is consolidating with stable open interest, indicating that bulls have not exited en masse but are rotating positions and building a new attack platform. The order book shows heavy buy orders (large volume in the 1.68-1.67 range), providing a solid buffer for the price. The core strategy is to play the secondary surge after a strong consolidation, capturing short-term profits amid high volatility.

View real-time market 👇 $MYX

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