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$MYX At this price of 0.0997, I placed a sell order of 2 million USDT. Do you believe it?
I've been monitoring the backend for half an hour and found that someone used 4 large orders to pull the price from 0.0730 to 0.1049, then suddenly canceled the orders and dumped it back to 0.0950.
The 24-hour trading volume is 17.9M, with 70% of the volume concentrated in the last 4 hours. I'm very familiar with this tactic—wash trading to pump and dump.
Now there are three abnormal signals on the chart: 1) There is a sell wall of nearly 80k USDT near 0.0997, but dense buy orders are appearing below at 0.0930-0.0950.
2) The last 15-minute candlesticks show a divergence pattern with shrinking volume on green candles and increasing volume on red candles.
3) The 24h high of 0.1049 exactly touched the previous resistance level, where at least 20 million USDT worth of positions are trapped.
My plan: Wait for the 5-minute MACD golden cross confirmation. If it breaks above 0.1015 with volume, I will add long with 30% of my total position, targeting 0.1080-0.1120, with stop loss at 0.0960 (breaking below this level means the whale has given up supporting the price).
If I chase now, I'll likely get repeatedly trapped by the quant bots near 0.1000.
High-risk warning: If the trading volume shrinks below 5 million USDT by the early hours tonight, it will likely retrace to 0.0820.
Once it breaks below 0.0900 and no major support orders appear, liquidate all positions and exit.
The circulating supply of this coin is too opaque. The whale holds at least 40% of the supply and could dump it to a new low at any time.
By the way, let me add—I participated in the private sale of $MYX early on, with a cost of 0.021. Before this pump, on-chain data showed that an address split 5 million tokens and sent them to the exchange. The chart never lies.