【MYX Signal】Pending Order Long: Volume Contraction Retest of Key Support, Main Force Washout Conclusion

MYX 1-hour chart displays a clear structure of volume surge followed by volume contraction pullback. After the two massive candlesticks from 10:00-11:00 surged to 0.5164, they retreated with trading volume plummeting from 32.46 million to 3.69 million, a decline exceeding 90%, yet price consolidated in a narrow range between 0.4003-0.4062, rejecting deeper declines. Buy/Sell ratio remains consistently below 0.5, indicating retail selling pressure, but orderbook depth reveals buy-side orders (0.4010-0.4023 range) significantly thicker than sell-side (0.4024-0.4043 range), forming a support cushion. The 1-hour EMA50 (0.3745) constitutes strong support below, resonating with the upper edge of a month-long consolidation zone at the daily level. Current price 0.4022 hugs EMA20 (0.4085), representing a healthy technical retest.

🎯 Direction: Pending Order Long

⚡ Entry: 0.3980 - 0.4010

🛑 Stop Loss: 0.3670

🚀 Target: 0.4645 / 0.4969

🛡 Strategy: Reduce position by half after reaching target 1, move remaining position to breakeven, pursue target 2.

Logic: Extreme volume contraction after massive rallies is typical main force washout and accumulation structure. Retail investors panic-sell due to depressed Buy/Sell ratio, but orderbook buy-side depth locks down downside space. Price stabilizes above key moving averages and previous daily platform, showing bear weakness to push price below volume surge zone. Main force uses volume contraction shakeout to clear weak hands and gather strength for secondary upside thrust; upside is the path of least resistance.

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