【$MYX Signal】Pullback to buy, second surge in gambling

$MYX 1H timeframe sharply retraced from the high of 0.6288, current price at 0.3267 has given back more than half of the rally. The 4H Bollinger Band upper band at 0.3574 acts as short-term resistance, but the middle band at 0.2495 and EMA50 (0.2464) form a strong support zone. The 1H MACD shows a bearish crossover but the histogram is shrinking, indicating weakening bearish momentum. The order book depth imbalance is 5.66%, with stronger buying willingness below than selling pressure above.

🎯Direction: Pullback to go long

⚡Entry/Order: Buy in stages within the 0.2678 - 0.3308 range

🛑Stop Loss: 0.2452

🚀Target 1: 0.3132

🚀Target 2: 0.3358

🛡️Trade Management: - Execution strategy: After reaching Target 1, reduce position by 50% and move stop loss to break-even. If price falls back into the entry zone, exit automatically to protect capital.

This deep retracement after a rapid rise often clears out a large amount of floating profit. The 4H EMA20 (0.2673) and EMA50 (0.2464) are about to form a golden cross, indicating the medium-term trend remains intact. The 1H RSI at 51.49 has returned to the neutral zone, providing room for another upward move. Position size remains stable, with no signs of large-scale capital fleeing, more like a technical correction after profit-taking. The current risk-reward ratio is acceptable, key is to hold the dense trading zone below.

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