【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 a high of 24.1M USD without declining despite the sharp rise, confirming new capital inflow rather than position liquidation. 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 slight pullback)

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

🚀 Targets: 0.4890 / 0.5428

🛡 Strategy: At target 1, reduce position by half, move stop loss of remaining position to entry price, zero-risk play towards higher targets.

Logic: Order book depth imbalance of 33.98%, with buy orders stacked significantly thicker than sell orders (buy 1-20 order volumes notably suppressing sell side), showing strong support below. Sharp rise in positive funding rate environment (0.0050%), ruling out short liquidation as the main driver—this is active long squeezing shorts. Key resistance broken with nearly 10x volume capacity, and OI did not decrease, which is a typical signal of institutional real money sweeping, washing out previous trapped positions and forcing shorts to cover. Short stop losses at breakout will be fuel for the next move. Current price oscillating near highs is strong consolidation, not a top. Direction of least resistance remains upward.

View real-time charts 👇 $MYX
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