【MYX Signal】Pending Order Long: Volume Contraction Retests Key Support, Main Force Washout Phase Ending

MYX 1-hour chart presents a clear structure of volume surge followed by volume contraction pullback. Two large-volume K-lines from 10:00-11:00 surged to 0.5164 then fell back, with trading volume plummeting from 32.46 million to 3.69 million, a decline exceeding 90%, but price consolidated in a narrow range at 0.4003-0.4062, refusing deeper drops. Buy/sell ratio remains below 0.5, showing retail selling pressure, but order book depth reveals buy orders (0.4010-0.4023 range) significantly thicker than sell orders (0.4024-0.4043 range), forming support cushion. 1-hour EMA50 (0.3745) constitutes strong support below, resonating with the upper edge of the daily-level month-long consolidation base range. Current price 0.4022 closely hugs EMA20 (0.4085), representing healthy technical retest.

🎯 Direction: Pending Order Long

⚡ Entry: 0.3980 - 0.4010

🛑 Stop Loss: 0.3670

🚀 Targets: 0.4645 / 0.4969

🛡 Strategy: Reduce position by half after price reaches target 1, push remaining position to breakeven, aim for target 2.

Logic: Extreme volume contraction consolidation after massive surge is typical main force washout and accumulation structure. Retail investors panic sell due to weak buy/sell ratio, but order book buy depth locks down downside space. Price stabilizes above key moving averages and previous daily platform, showing bears lack power to push price below the volume surge zone, indicating selling pressure exhaustion. Main force uses volume contraction oscillation to wash out floating chips and accumulate strength for second push up. Upside is the path of least resistance.

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