📊 Technical Analysis: MYX/USDT – Bullish Structure and Fibonacci Retracement
The market showed a strong expansion move and is now seeking consolidation at strategic levels. Based on the 1h chart, we identify an opportunity for continuation after the retest of liquidity zones.
🎯 Trade Setup (Setup)
Entry Point: Between $6.11 and $6.00 (Region of the 0.382 Fibonacci level).
Main Target (Take Profit): $6.67 (Previous high and extension target).
Short-Term Target: $6.40.
Stop Loss (Protection): $5.75 (Below the 0.5 Fibonacci level and Volume Profile support).
🔍 Why enter now? (Support Analysis)
Fibonacci: The price is holding above the 0.382 level ($6.00). If selling pressure increases, the main support lies at 0.5 ($5.79), where we have a confluence with VPVR.
Volume Profile (VPVR): Note the high trading volume (POC) at the base of the current move, indicating a strong barrier for sellers.
RSI (Relative Strength Index): The indicator is in a neutral zone, coming out of slight overbought conditions, giving the asset "breathing room" to seek new highs without being overly stretched.
MMI (Market Meanness Index): The structure suggests low randomness, confirming that the asset is in a defined uptrend, not just sideways noise.
🛡️ Professional Risk Management
Stop Move: Once the price reaches $6.35, move the Stop Loss to Breakeven (Entry Price) to ensure a "risk-free" trade.
Holding Time: Short-term swing trade (estimated 24h to 48h to reach targets).
Warning: Cryptocurrencies are highly volatile. Trade responsibly and use only risk capital.
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