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Today's $MYX short order, the most satisfying part is not the result, but that it really went down as expected. That fake strength at the top, I've suffered too many losses from it before; it looks exciting, but in fact it's often luring people to chase in.
MYX bounced back to around 0.1005 at that time. I didn't rush to judge the bottom; I just watched whether it could hold steady. The key was that several upward attempts were pushed back, volume couldn't keep up, yet sentiment was very excited. At such a level, the more people think it's stable, the more likely it is to reverse.
The real change came after breaking the key level; the market no longer gave the bulls any chance to catch their breath. From 0.1005 to 0.0733, the short order feedback has reached +532.9%. This wave is a reward for patience.
Now, I won't get carried away by profits; I'll first hold what can be held. In a downtrend, the biggest fear is greed that ends up giving back the gains. If the market continues to show weakness, I'll reassess; if no signal, let it go.
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