I have been following $MYX recently - it has been going through a long consolidation phase, and now there is some quiet accumulation of chips. The current price is around $2.84, and there hasn't been any particularly impressive performance yet.
What key position am I particularly following? It's the resistance zone at $4.55. This line has been a "ceiling" for a long time.
The point I am following:
~ If we can see the price break through $4.55 with an effective increase in trading volume, then the market is likely to become interesting quickly. Once this "ceiling" is broken, momentum traders may flood in, and we can expect to see the price accelerate upward.
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I have been following $MYX recently - it has been going through a long consolidation phase, and now there is some quiet accumulation of chips. The current price is around $2.84, and there hasn't been any particularly impressive performance yet.
What key position am I particularly following? It's the resistance zone at $4.55. This line has been a "ceiling" for a long time.
The point I am following:
~ If we can see the price break through $4.55 with an effective increase in trading volume, then the market is likely to become interesting quickly. Once this "ceiling" is broken, momentum traders may flood in, and we can expect to see the price accelerate upward.