Technical analysis by aipedia about Symbol MYX: Buy recommendation (10/20/2025)

This setup captures a technical trade opportunity on the MYX/USDT pair using a 1-hour chart, with a focus on market structure, volume profile fixed range (VPFR), and point of control (POC) levels for confluence. Chart Context: The trend preceding this setup is a pronounced bearish move, with sellers dominating and price breaking down key support zones. Recent candles show compression and attempted base-building around the 2.67–2.70 regions, with visible lower wicks indicating buying interest. Key Levels: Major Support Zone: 2.665–2.670 (Converges with local POC – strong liquidity area, potential demand absorption) Entry Zone: Entry taken after an LTF (lower timeframe) rejection below support, followed by quick reclaim above the VPFR support band First POC Target: 2.713 (minor intraday resistance to monitor) Main TP Zone / Target: 2.854 (next POC cluster, marking significant resistance with high previous volume transacted) Ultimate Target: 2.88–2.90 (final take profit, matches major historical resistance and aligns with the VPFR high range) Stop Loss: Just below 2.665 (invalidates the setup if reclaimed by sellers, shows failed demand zone) Strategy Rationale: Mean Reversion Play: The trade aims to capture a reversion to the mean after extended selling, targeting price inefficiencies left in the breakdown. Volume & POC Confluence: Entry leverages the recent POC as dynamic support. Price closure and holding above these high-volume nodes signal absorption of selling and willingness to move higher. Risk/Reward: The stop is placed logically under local support, and risk/reward is skewed positively (target RR > 2:1). Invalidation: A 1H close below the support/POC level invalidates the trade thesis and triggers the stop. Execution Notes: Watch for high sell spikes or sudden liquidation below support prior to entry; ideal scenario is a fast wick-and-reclaim. Scale out partial profits at interim resistance (2.713), lock the remainder towards higher POC/take profit zones. Remain adaptive; if price stalls at 2.713 for multiple candles, consider tightening stops. Antifragile Angle: This setup is built on clear structural invalidation and risk-defined entry, not chasing momentum. If it fails, the loss is limited and re-entry is possible on new reclaim signals. If successful, convexity comes from capturing a sharp reversal move off high liquidity.