MYX is short-term biased to the downside, but the bullish framework is still intact. The problem is that the current price is too far from the bottom at 4.2. Looking at the recent trading concentration, most of the volume is accumulated between 5.0 and 5.3. If there is really a rally later, logically, it should first trigger the bullish stop-losses. The recent low is stuck at 4.6, and there is a high probability that it will attempt to break below this level. Only after clearing the stop-loss orders can there be enough momentum to push upward.

Therefore, a safer entry zone is between 4.2 and 4.4, which makes for a more comfortable setup. If it really falls below 4.2 and cannot recover, then caution is needed—gradually reduce positions and observe, indicating that the subsequent market may be weaker than expected.

Bullish defense lines—first at 4.2, second retreat to 3.8. Bears can also participate, but stop-loss must be set at the upper boundary of the triangle convergence, around 5.5 to 5.6. Don’t expect to stay short for the long term; the risk is not worth it.