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.
Trade active
going very good after a bit of drawdown :-) 
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.