【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, with no loss despite the sharp surge, 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 bullish buying dominant.

🎯 Direction: Long

⚡ Entry: 0.4650 - 0.4710 (near current price or slight pullback)

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

🚀 Targets: 0.4890 / 0.5428

🛡 Strategy: Reduce position by half at Target 1, move stop loss to entry price for remaining position, risk-free play for higher targets.

Logic: Order book depth imbalance of 33.98%, with buy-side orders stacked significantly thicker than sell-side (bid 1-20 order volume markedly suppressing ask side), showing extremely strong support below. Sharp surge during positive funding rate (0.0050%) environment rules out the possibility of short liquidation dominance—this is active bullish short squeezing. The key resistance broken with nearly 10x volume capacity, and OI unchanged, is a typical signal of major players genuinely sweeping, liquidating previously trapped positions and forcing shorts to cover. Short stops at breakout level and reversal will fuel subsequent moves. Current price oscillating tight to highs is strong consolidation, not a peak. The path of least resistance remains upward.

Check real-time market 👇 $MYX
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