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$MYX It dropped 24% in 24 hours. Someone bought the dip with $30,000, and now it's only worth $22,000. When the price fell to 0.0686, those veteran traders in my group closed half of their short positions.
Don't rush to buy the dip. Let me tell you a story first. You're buying apples at the market. Today's price is 50 cents cheaper than yesterday, but you see the watermelon at the next stall has dropped from $3 to $0.80. Would you rush to buy apples? $MYX is like that watermelon stall right now, falling from 0.1017 to 0.0751, with a trading volume of 22.6M. That means someone is catching the falling knife, but the overhead supply trapped at highs is like an ice pack on a watermelon—if you don't move, it melts; if you move, it shatters.
The mistake retail traders often make is getting excited about big drops and forgetting to watch the escape route. The 24-hour high and low differ by 33%. Such a wide range indicates that the whales haven't fully exited yet. They are drawing fishing lines—first crash, then pump, wait for retail to chase in, then crash again. My strategy is to wait for it to retest support near 0.068. If it holds, I'll consider a small position with a stop loss at 0.0655 and a take profit target at 0.082.
Remember, what kills you most after a crash isn't the continued drop, but thinking you've hit the bottom, only to have it dig another hole. Keep your position size below 5%. Don't be like those brave souls who die at the inverted V-top. If you understand, give a like. Follow me so you don't get lost. Every day, I expose the secrets of one pump-and-dump coin.