This time it wasn’t the price suddenly going crazy—it was that the pressure at the high finally leaked out. A few days ago, during the afternoon session, the order book was repeatedly churning. $MYX looked like it was still holding up, but in reality every push lacked volume—once it reached the key area, it was pushed back down. The taste of a weak, lifeless rebound became more and more obvious. The key I pointed out then was simple: don’t get tricked by the superficial sideways consolidation.



Just after spotting the bearish trigger, MYX touched the 0.1796 area. I followed my plan and went long, waiting for the moment when the lack of support would reveal a crack. Now the price has returned to 0.0802, corresponding to a return of +1089.74%. I didn’t guess the direction, and the timing wasn’t thrown off either—this trade has been quite comfortable.

First, put the main portion into the pocket: close 80%, and keep the remaining 20% running, but the protective level must follow the cost line. When the market hands you profit, catch it—don’t wait for a single bounce to throw your mindset off again.

Don’t grind your patience away in choppy conditions, and then also try to regain dignity by gambling in a one-direction move. It’s not the moment to rush in now. Missing this leg doesn’t require chasing hard—wait for a new structure to form, then reassess. There will be opportunities afterward.

$BTC $ETH
MYX-0.24%
BTC-0.66%
ETH0.02%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned