【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 candlestick with a massive volume of 60.5M (previous candle 6.5M), closing at 0.4357, with a gain of 22.5%. Open Interest (OI) remained stable at the high of 24.1M USD without loss due to the surge, confirming new capital inflow rather than position closing. The 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 middle of the massive bullish candle)

🚀 Targets: 0.4890 / 0.5428

🛡 Strategy: Take profit half position at target 1, move stop loss of remaining position to entry price, risk-free pursuit of higher targets.

Logic: Order book depth imbalance of 33.98%, with buy-side orders significantly thicker than sell-side (bid 1 to bid 20 orders notably suppress sell orders), showing strong support below. Surge in positive funding rate (0.0050%) environment rules out the possibility of short covering dominance, representing active long short-squeezing. Key resistance broken through with nearly 10x volume, and OI did not decrease, which is a classic signal of main force real money accumulation, washing out trapped early positions and forcing shorts. Short stop losses at breakout levels converting to reverse positions fuel subsequent moves. Current price oscillating near highs is strong consolidation, not a top. The path of least resistance remains upward.

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