MYX/USDT – Breakout Setup Forming in Tight Consolidation!

9 giu

Date: June 9, 2025

MYX/USDT is showing a classic bullish setup, forming a tight consolidation just below a key resistance zone. This structure often precedes a breakout, especially when combined with increasing momentum indicators.

📊 Technical Overview:

Current Price: $0.08894

Immediate Resistance: $0.10285

EMA Signal: Price is holding above the 4EMA, suggesting short-term bullish momentum is intact.

📈 Indicators:

RSI: Currently at 54.81 — neutral to bullish, with room for upside before entering overbought territory.

Volume: Not provided on this chart, but the structure and price action suggest accumulation.

🔍 Chart Structure:

The price is forming higher lows and pressing against horizontal resistance, indicating bullish pressure.

A clean break and close above the $0.102–$0.103 zone would likely trigger a strong move toward higher targets.

🎯 Targets:

First Target: $0.10285 (resistance breakout level)

Second Target: $0.13000 (next major horizontal resistance, matching past supply zone)

📉 Invalidation Level:

A break below $0.080 and loss of higher low structure would invalidate the bullish thesis and suggest further range-bound action or a correction.

6 giorni fa

Trade attivo

going very good after a bit of drawdown :-)