$MYX has been consolidating at high levels for over an hour, with no obvious signs of selling during the consolidation period, and the price has not shown a slow decline. More notably, the open interest (OI) continues to decrease — which often indicates that large funds are absorbing selling pressure, usually a sign of preparing for an upward move. From a defensive perspective, key support levels are locked between 3.9 and 3.92. Of course, the worst-case scenario must also be considered: if the price breaks below the low with increased volume and cannot recover, and the open interest increases in the opposite direction, then the trend will shift from the current consolidation to a clear downtrend.
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SchrodingerPrivateKey
· 10h ago
OI is decreasing to accumulate positions. I'm very familiar with this tactic. The big players are preparing a major move again. Wait for a breakout above 3.92 and jump in. Don't hesitate.
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gas_fee_therapy
· 10h ago
OI continues to shrink, and this signal is indeed interesting, but what really matters is whether we can hold the 3.9 level. The problem is that in this kind of consolidation, it's easiest to be deceived—one big bearish candle and it's all over.
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SeeYouInFourYears
· 10h ago
OI decreasing is indeed interesting, but it's still too early to say large funds are accumulating... Let's wait until it breaks 3.9.
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LightningAllInHero
· 10h ago
OI is decreasing, and the details are well captured, but I'm more concerned about whether 3.9 can hold. If it can't hold, there's no point in talking about large funds accumulating.
$MYX has been consolidating at high levels for over an hour, with no obvious signs of selling during the consolidation period, and the price has not shown a slow decline. More notably, the open interest (OI) continues to decrease — which often indicates that large funds are absorbing selling pressure, usually a sign of preparing for an upward move. From a defensive perspective, key support levels are locked between 3.9 and 3.92. Of course, the worst-case scenario must also be considered: if the price breaks below the low with increased volume and cannot recover, and the open interest increases in the opposite direction, then the trend will shift from the current consolidation to a clear downtrend.