This round of downside has been very direct. The higher the range you spent time grinding before $MYX , the more decisively you’ll see it release afterward. My short thesis was confirmed around 0.1796. Now the price is at 0.073, with unrealized profit of +1167.57%. Cashing out the shorts over this move means I’ve timed it right.

What really made me commit wasn’t any single candlestick. It was that, over several consecutive rebounds, there was no strength behind them. From the chart, it looks like it can hold up, but the sell pressure above has been persistent, while the bids are very weak. Many people get ground down by sideways consolidation until they lose patience. When they see a small rebound, they want to chase it in—but at this point, it’s easiest to go against human nature. The more it looks like it’s stabilizing, the more you need to watch the risk of a breakdown.

Now I’ll first protect most of the profits. The remaining small position will follow; I won’t add recklessly just because gains expand. If the protective level should be set, set it—don’t let the edge you’ve already locked in get knocked back by a sudden rebound.

After this, I won’t chase trades or chase a sudden sell-off. I’ll wait for the next more comfortable entry point.

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