【MYX Signal】Pending Long Position: Volume Contraction Pullback to Key Support, Main Force Washout Ending

MYX 1-hour chart shows a clear structure of volume spike followed by volume contraction pullback. After two 10:00-11:00 K-line candles surged to 0.5164 with massive volume, price fell back with trading volume plummeting from 32.46 million to 3.69 million, a decline exceeding 90%, but price consolidated in a narrow band between 0.4003-0.4062, refusing deeper decline. Buy/Sell ratio remains consistently below 0.5, showing retail selling pressure, but order book depth reveals pending buy orders (0.4010-0.4023 zone) significantly thicker than sell orders (0.4024-0.4043 zone), forming support. 1-hour EMA50 (0.3745) constitutes strong support below, resonating with the upper edge of daily-level bottom consolidation zone lasting a full month. Current price 0.4022 tightly hugs EMA20 (0.4085), representing healthy technical pullback.

🎯 Direction: Pending Long

⚡ Entry: 0.3980 - 0.4010

🛑 Stop Loss: 0.3670

🚀 Targets: 0.4645 / 0.4969

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

Logic: Extreme volume contraction consolidation following massive rally is typical main force washout absorption structure. Retail traders panic-selling due to low buy/sell ratio, but order book buy depth locks down decline space. Price stabilizes above key moving averages and prior daily platform, main force unable to crush price below volume zone bottom, indicating selling exhaustion. Main force uses volume contraction oscillation to clean weak hands, building momentum for second rally leg. Upside is the path of least resistance.

View Real-time Chart 👇 $MYX
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