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Huang Yu | MYX/USDT Long Position: Bottom Explosion with Volume Breakout 🐉
Market Observation: The 4-hour chart shows that after a long period of consolidation at low levels, a very strong volume breakout signal appears, directly pushing the price above the previous resistance level. Currently, the price is in a technical consolidation phase after a surge, with the purple dashed line area (around 0.25) providing strong structural support.
Trading Logic: The bottom structure has broken through with strong momentum, and it is expected that after a pullback to the key support level, the upward trend will continue.
Parameter Settings:
Entry (Entry): Around 0.2925.
Stop Loss (SL): 0.2258.
Take Profit (TP): 0.4982.
Reminder: The cryptocurrency market is highly volatile. Be sure to strictly execute stop-loss orders and control your position size according to your risk tolerance! 🧧