2026-01-17 13:34:40

MYX Market Observation - Market capitalization surpasses $12.7 billion, market sentiment leans bullish (51% bullish, 28.2K votes).

From a technical perspective, the SC02 M1 cycle shows a short entry opportunity. The entry point is positioned within a high-value zone (HVN), avoiding weak areas, which is a good setup. The expected stop-loss is controlled around 0.66%, making the risk relatively manageable.

Currently, the downward cycle has reached the 308th cycle, with an amplitude retracement of -7.43%. Considering this amplitude and cycle position, if there are no sudden positive news in the short term, there may still be room for further decline. Traders need to closely monitor whether the support in the high-value zone can hold, as this will directly influence the subsequent trend.

MYX-6,94%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

17 Likes

Reward
17
5
Repost
Share

Comment

0/400

MrDecoder

· 14h ago

Are you really that bullish with just 51%? The voting count seems suspicious... But 12.7 billion definitely surged quite strongly. HVN's move was clever, but I find the 308-cycle number a bit questionable. After a -7.43% pullback, does it still have to fall further? The key is whether it can hold that line; if it breaks, you have to run.

View OriginalReply0

GateUser-bd883c58

· 14h ago

127 billion has broken below, but is this 51% bullishness serious? It feels like the bulls are losing strength. That level for HVN doesn't seem very solid; a pullback to the 308 cycle is a bit risky. If the support doesn't hold, it will really break down, and there will be a wave of despair. A 0.66 stop-loss is a bit tight; I feel for those brothers who got cut. I'll still wait on this short-term trade, afraid of catching a falling knife.

View OriginalReply0

AirdropHuntress

· 14h ago

127 billion market cap, this number needs to be verified. What's the background of the project team? Historical data suggests caution. Can HVN support hold? That's the key. The fact that the 51% bullish voting votes are so high is a bit suspicious. There's still a lot of room to dip. Don't be greedy. Wait for a better entry point. This 308 cycle... pay attention to the movements of these wallet addresses. Another sign of a capital-driven pump. More analysis after further research.

View OriginalReply0

AirdropSweaterFan

· 14h ago

12.7 billion market cap, over 51% bullish votes. The data looks pretty good, but I'm just worried it might be a flash in the pan again. HVN's entry points are quite meticulous, with a stop loss of 0.66% which is acceptable. The problem is, there's still room for the price to dip... This 308 cycle is a bit annoying. Support levels need to hold, or else it will get hammered down again.

View OriginalReply0

GasWaster69

· 15h ago

Oh no, another short position? Not optimistic about the 12.7 billion market cap. If MYX can't break through the high-value zone this time, we’ll have to run. A 0.66% stop loss is a bit tight, can't afford to gamble on this move. The 308 cycle is still in a downtrend, it seems it will continue to fall. Wait and see before entering. 51% bullish? That doesn't seem quite right. Honestly, I wouldn't dare to act without good news. If HVN can't hold, it's over. Need to keep a close eye. This market feels like it's going to cool off, let's observe first, everyone. Short-term trading opportunity? I don't think the chances are high.

View OriginalReply0