【MYX Signal】Long: 4H Volume Breakout + Short Squeeze Structure

Price broke through the key resistance of 0.3628 at 04:00 (UTC) on the 4H candle with massive volume of 60.5M (previous candle 6.5M), closing at 0.4357, up 22.5%. Open Interest (OI) remained stable at the high of 24.1M USD, with no liquidation despite the surge, confirming new capital inflow rather than position closing. 1-hour RSI reached 88.71, showing overbought conditions, but the buy/sell ratio reached 0.53 during the breakout period, with active buying dominating.

🎯 Direction: Long

⚡ Entry: 0.4650 - 0.4710 (near current price or minor pullback)

🛑 Stop Loss: 0.4450 (placed below the mid-point of the massive bullish candle)

🚀 Targets: 0.4890 / 0.5428

🛡 Strategy: Reduce position by half at target 1, move stop loss of remaining position up to entry price, risk-free play for higher targets.

Logic: Orderbook depth imbalance of 33.98%, with buy-side accumulation significantly thicker than sell-side (bid 1-20 order quantities notably suppress ask orders), showing strong support below. Surge in positive funding rate (0.0050%) environment rules out the possibility of short covering dominance, attributing to active long squeeze. Key resistance broken through with nearly 10x volume, and OI unchanged—this is a typical signal of whale genuine buying, washing out previous trapped positions, and forcing shorts. Shorts' stop losses at the breakout level will be the fuel for the next move. Current price oscillating tightly around the high represents strong consolidation, not a top. Least resistance direction remains upward.

View live chart 👇 $MYX
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