MYX is dancing around a critical level right now – that $3.3 to $3.4 supply zone on the 4-hour chart.

If you're thinking bullish, the setup isn't exactly screaming confidence. We'd need a clean break and daily close above $3.40 to even consider it. From there, watch for $3.60 first, then maybe a push toward $3.90. But honestly? Odds aren't in favor of this scenario.

The bearish case feels way more likely. A rejection here followed by a breakdown under $3.30 could send things tumbling. First stop would be around $3.00, and if that doesn't hold, $2.80 is next in line.

The ball's in the market's court now. Whatever happens at this zone in the next few candles will set the tone for the next leg.