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Everyone is panicking about the blood in the streets, but look at $MYX on the 15m.
We just saw a massive wick down to 0.367 that got bought up almost instantly. That usually tells me there’s some serious limit orders sitting down there. We’re currently hovering around 0.387 and trying to find a higher base.
The 90-day stats are pretty terrifying at -86%, so this isn't for the faint of heart. It’s a high-risk play for sure. If it can actually hold above 0.380, we might see a push back toward that 0.404 high from earlier today.
Volume is decent at 27M USDT, so there's enough liquidity to move if the bulls decide to wake up. I'm keeping a tight stop on this one because if 0.367 fails, the floor is a long way down.
Want me to check if the volume profile is showing any hidden accumulation zones?
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