【MYX Signal】Long: 4H Massive Breakout + Short Squeeze Structure

MYX completed a textbook volume-price resonance breakout at the 4-hour level. Core data chain: 4-hour K-line from March 15, 04:00-08:00 (UTC), trading volume surged from 6.5 million to 102 million, an increase exceeding 15 times, price rushed from 0.3628 to a high of 0.5164, a gain of 42.4%. Meanwhile, open interest remained stable at a high of 22.38 million USD, ruling out pure leverage speculation and confirming genuine incremental capital inflow. Current 1-hour RSI has healthily retreated from overbought zone (79.95) to 61.95, belonging to strong consolidation category.

🎯 Direction: Long

⚡ Entry: 0.4250 - 0.4350

🛑 Stop Loss: 0.3703

🚀 Targets: 0.5516 / 0.6241

🛡 Strategy: Reduce half position at target 1, move remaining position stop loss to entry price, achieve zero-risk speculation for higher upside.

Logic: Chart reveals typical short squeeze structure. First, daily chart shows price continuously declining from 2.278 on February 14 to 0.348 on March 14, a drop of nearly 85%, short-side fuel (profit-taking orders) extremely abundant. Second, this breakout accompanied massive volume, but Buy/Sell Ratio consistently fluctuates around 0.5 neutrality, even declining to 0.41 in the last 1-hour K-line, indicating upside driven by active buy orders (Taker), not passive selling exhaustion. Third, order book depth shows Ask orders (sell-side) accumulating large pending orders in 0.4363-0.4370 range (totaling over 38,000), but price consolidates with low volume near 0.4365, while Bid orders (buy-side) form substantial support wall in lower 0.4350-0.4340 range (totaling over 46,000), indicating major capital digesting overhead selling pressure and building defensive lines. Path of least resistance is upward; once digestion completes, will easily pierce weak selling zone.

View live charts 👇 $MYX
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