MYX is in a distribution phase on the 4H chart, with price showing weakness after the UTAD formation. The current zone aligns with LPSY, suggesting continuation to the downside as long as resistance remains unbroken.
🔎 Market Insight
The chart projects a bearish continuation, with potential for a 34% drop toward the 8.0 – 6.2 USDT range. Signs of weakness confirm pressure on support levels, keeping the bias negative unless invalidated.
📌 Trading Strategy
Traders already in short positions may consider taking partial profits and moving stop-losses to entry for risk-free exposure. The bearish bias remains valid as long as 16.0 USDT holds as resistance.
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