【MYX Signal】Pending Long Order: Volume Contraction Retest of Key Support, Dealer Washout Phase Ending

MYX 1-hour chart presents a clear volume expansion surge followed by volume contraction pullback structure. The two massive K-lines from 10:00-11:00 surged to 0.5164 then retreated, with trading volume plummeting from 32.46 million to 3.69 million, a decline exceeding 90%, yet price consolidated in a narrow range at 0.4003-0.4062, rejecting further decline. Buy/sell ratio remains below 0.5, indicating retail selling pressure, but order book depth shows buy orders (0.4010-0.4023 range) with significantly thicker pending volumes 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 consolidation bottom zone extending over one month. Current price 0.4022 clings tightly to EMA20 (0.4085), representing a healthy technical retest.

🎯 Direction: Pending long order

⚡ Entry: 0.3980 - 0.4010

🛑 Stop Loss: 0.3670

🚀 Target: 0.4645 / 0.4969

🛡 Strategy: Reduce position by half after price reaches target1, move remaining position to breakeven, pursue target2.

Logic: Extreme volume contraction consolidation following massive surge is typical dealer washout chip absorption structure. Retail traders panic sell due to depressed buy/sell ratio, but order book buy depth locks in downside space. Price stabilizes above key moving averages and previous daily platform, with bears powerless to push price below volume expansion zone, indicating selling exhaustion. Dealers exploit volume contraction oscillation to cleanse floating chips, accumulating strength for secondary surge, with upside being the path of least resistance.

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