🔷️ $MYX continues trading directly above the black accumulation zone that has historically acted as a major buyer area on this structure.
The yellow lines above represent the main resistance regions that bulls need to reclaim for momentum to return, while the black zone below remains the area currently being defended by long-term participants.
Unlike previous breakdown attempts, sellers have not managed to force a clean loss of this base yet. This makes the current reaction particularly important, as holding this region could become the foundation for a broader recovery phase.
Momentum remains weak in the short term, but this is exactly the type of structure where sentiment usually shifts before price action does.
If you've been following my previous $MYX analysis, you'll notice the market has now returned to the same major demand area discussed earlier, making the coming weeks one of the most important periods for this chart so far.
⚠️ Not financial advice.
#MYX #BTC #ETH #Crypto #Altcoins
