MyX

· Latest Price: ~2.578 USDT
· 24-hour high and low: 2.4247 - 2.6538
· Key Moving Average (1 Hour Chart ):
· MA5: 2.5778
· MA10: 2.5828
· MA30: 2.5607
· Key support and resistance levels ( based on support and resistance lines ):
2.6273
2.4841 ( strong support )

Current market analysis and operational strategy

From the 1-hour chart, the price is currently at a key decision point for direction.

· The price is entangled near MA5 and MA10, indicating that both bulls and bears are evenly matched.
· But MA30 (2.5607) forms an important support level below, and the overall moving average system (MA5, MA10, MA30) is still in a bullish arrangement (short-term moving averages are above long-term moving averages), with the larger trend slightly biased towards bullish.

For a quick in and out with 10x leverage, you need to seize the momentum bursts at smaller levels.

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Specific operational strategies (two plans)

Plan One: Breakthrough Follow-up Buying (More Aggressive)

This plan is to follow up when the price chooses to break upwards.

1. Entry requirements:
· Observation level: mainly look at the 15-minute chart.
· Signal: The 15-minute K-line effectively stands above 2.5900 (current minor resistance level), and the trading volume shows a significant increase.
· Confirmation: The MA5 moving average on the 1-hour chart has turned upward again.
2. Operation:
· Open a long position with 10x leverage. It is recommended to control the position within 5%-10% of the total funds, and do not over-leverage.
· Stop-loss: Must be set! Set below 2.5600 (i.e., below the 1-hour MA30 support). Once it breaks, it indicates that the short-term upward momentum has failed.
· Take Profit Target:
· First target: 2.6100 ( recent resistance level )
· Second target: 2.6270 - 2.6350
· If the momentum is very strong, it can look up to 2.6500 near the previous high ( ).

Option Two: Buy on Pullback (More Conservative)

This plan is to wait for the price to fall back to key support levels before entering the market, resulting in lower costs and relatively smaller risks.

1. Entry conditions:
· Observation level: Combine 15-minute and 1-hour charts.
· Signal: Price retraces to the range of 2.5600 - 2.5650 (1-hour MA30 moving average and dense support area).
· Confirmation: A clear bullish candlestick pattern (e.g., long lower shadow, bullish engulfing) appears at the support level, and indicators like MACD show a bottom divergence or golden cross signal.
2. Operation:
· Open a long position with 10x leverage. Also control your position well.
· Stop Loss: Set below 2.5500, or more strictly at 2.5440 (breaking the previous low support).
· Take profit targets: Same as Plan One, looking at 2.6100, 2.6270, 2.6500.

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Extreme Important Risk Warning

1. Strict Stop Loss: With 10x leverage, a single loss without a stop loss can be catastrophic. The premise of "quick entry" is "quick exit" (referring to the stop loss). The stop loss level mentioned above is your lifeline and must be executed unconditionally.
2. Position Management: This is the foundation for your survival in the contract market. With 10x leverage, it is recommended that each position opened does not exceed 10% of your total capital. For example, if you have 1000U, control the value of a single position to around 100U.
3. Pay attention to the marked price: The marked price in the figure is (2.5808). The perpetual contract uses the marked price to calculate profits and losses as well as liquidation, so be mindful of its difference from the latest price.
4. Do not hold onto positions: Once the market moves against your expectations and triggers a stop-loss, exit decisively. Do not harbor illusions or average down your costs. Step away from the screen for a few minutes to rest and adjust your mindset.
5. Combine with trading volume: Whether it is a breakout or a pullback, there must be accompanying trading volume; otherwise, it may be a false signal.

Summary:
The current trend structure is still mainly bullish, so avoid blindly shorting. The best strategy is to wait for a pullback in Plan B to seize long opportunities, as the risk-reward ratio is better. If the market surges directly, then consider chasing the breakout in Plan A, but be sure to use a light position and set a stop loss.