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$MYX A 20% drop in a single day, my 20% position directly lost 15%, just added to my position and it dropped to 0.1262, blood flowing like a river.
Plan: Buy an additional 10% at the current price of 0.1287, bringing total position to 30%.
Stop loss at 0.124, cut if it breaks below.
If it rebounds above 0.135, reduce by 20% to lock in profits, aiming for 0.15 to fill the gap.
24-hour trading volume is 19 million, the selling volume is not small but not decreasing, indicating there are still buyers.
Scenario 1: Hold the 0.126 low point and increase volume to push higher, then around 0.13 could be a good entry point, short-term target 0.145.
Scenario 2: If it continues to break below 0.124, it means the bear market isn't over. I will cut half at 0.12 and keep a bottom position to wait for 0.11 to rebuild.
This drop has reached the February lows, but there is no panic selling, so I will wait for a rebound.
Results will be updated in the comments.