MYX Finance don reclaim $3 — next target $4.40 if demand hold for $2.93
MYX Finance (MYX) don show renewed upside after wahala pattern: one fakeout push price go $3.90 before liquidity-driven reversal make am drop to $2.90, then MYX rally like ~12% inside 24 hours reach around $3.30 and reclaim $3 level. 4-hour break pass $3.10 create imbalance/demand zone for $2.93–$3.18 wey likely go get retest. Daily technicals still bullish, supported by bullish MACD momentum, rising moving averages and on-chain capital inflows. Derivatives signals mixed before: Open Interest don fall and funding turn deeply negative (meaning people dey short and squeeze fit happen), while short/long ratios near parity — show say some short-hunting happen around $3.7–$3.9 for earlier moves. Liquidation heatmaps show magnetic zones at $3.87–$4.40 (lighter) and $2.49–$2.66 (denser). Macro sentiment dey limit things: Bitcoin no fit reclaim $94.5k so broad altcoin risk appetite remain muted and e fit cap upside. Trading guidance: traders fit lean bullish as long as price hold $2.93 demand zone, target move toward $4.40, but manage risk for volatility and possible short squeezes; bullish setup go invalid if price break decisively below $2.93. This no be financial advice.
Bullish
Di reports dem show say MYX get bullish side for short to medium term, if dem key demand levels hold. Price don komot $3 back after one volatility-driven fakeout and e form clear 4-hour imbalance (demand zone for $2.93–$3.18) wey dey usually attract retests and buyer interest. On-chain inflows, bullish MACD and supportive moving averages dey reinforce momentum. Mixed derivatives signals — Open Interest dey fall and funding negative — show say short positions bin dey and say previous spikes fit don hunt shorts; this one fit raise squeeze potential wey fit amplify rallies. Liquidation heatmaps show higher magnetism above $3.87–$4.40, defining plausible upside target. Offsetting risks include broader crypto market weakness (BTC fail to reclaim $94.5k), heavy liquidation below $2.66, and possibility of volatility or failed retest. So, likely price impact on MYX na positive as long as e remain above $2.93 demand zone; proper break below that level go flip outlook to bearish.