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While many people are still hesitating, this segment of $MYX is already starting to weaken. The real signal isn’t when it drops—it's when it can’t hold steady and keeps failing at high levels.
I entered this short position at 0.1975 this time. I wasn’t watching a single candlestick; what I was focused on was that after every push up, it got quickly pushed back down again, which shows heavy sell pressure overhead. Now the price is at 0.0729, and the profit is already +1241.21%. The move has extended clearly—this kind of profit-taking is very direct.
To put it simply, this round wasn’t chased. It was done by waiting for confirmation and then moving with the rhythm. A lot of people earlier saw the rebound and wanted to go long, but the structure here has clearly changed: the weaker the rebound, the more comfortable the shorts are.
Now that the profits have been released, those with heavier positions can first scale out in batches using an 80/20 split, keeping the protective stop in line so you don’t let the profit you already locked in get eaten back by a rebound. If you didn’t get on the trade, don’t force it—shorts are most afraid of chasing at the tail end. Wait for the next opportunity.
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