After a volume breakout, the price is consolidating at a high level, with a 24-hour increase of 24.01%. Open interest has risen to 2.28 million, showing a typical main force entry volume-price structure rather than a short squeeze.
The price has been consolidating within a narrow range at a high level after volume-driven upward movement. This is a healthy process of bullish rotation and profit-taking absorption, not a top distribution. Open interest (OI) and price are rising in sync, confirming genuine inflow of new bullish funds. As long as the price can hold above the breakout zone (5.80-5.90) and continue to absorb selling pressure on lower timeframes, the probability of an upward continuation will significantly increase. Small losses, big gains—profit is about gaining a probability advantage.
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After a volume breakout, the price is consolidating at a high level, with a 24-hour increase of 24.01%. Open interest has risen to 2.28 million, showing a typical main force entry volume-price structure rather than a short squeeze.
🎯Direction: Long
🎯Entry: 5.85 - 6.05
🛑Stop Loss: 5.65 $MYX Rigid Stop Loss(
🚀Target 1: 6.50
🚀Target 2: 7.00
The price has been consolidating within a narrow range at a high level after volume-driven upward movement. This is a healthy process of bullish rotation and profit-taking absorption, not a top distribution. Open interest (OI) and price are rising in sync, confirming genuine inflow of new bullish funds. As long as the price can hold above the breakout zone (5.80-5.90) and continue to absorb selling pressure on lower timeframes, the probability of an upward continuation will significantly increase. Small losses, big gains—profit is about gaining a probability advantage.