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When everything turns green across the screen, people are most likely to forget their original plan. Right after the sell-off in the early session, $MYX loosened quickly from the high end; that seemingly strong rally in the front started to show fatigue—rallies became shorter and shorter, while selling pressure became more and more obvious.
When I went back to review MYX’s order book, I found that the overhead suppression had never really eased, and the trading volume also failed to meaningfully expand. Several attempts to rebound couldn’t sustain the move. After the price reached 0.1796, I promptly executed the long position. I didn’t guess the bottom, and I didn’t let emotions mess up the timing.
Now the current price is 0.0778. This short position’s return stands at +1112.76%. The result was even more decisive than what I imagined while waiting—this chunk of profit was really comfortable to take.
Position management stays the same: first close 80%, and move the remaining 20% protective stop to around the entry cost. If there’s still room for further downside, let the profits run on their own. Once a clear rebound shows up, prioritize protecting the portion that’s already been locked in.
Panic happens because there’s no plan. Loss happens because you think too much. For friends who haven’t gotten in yet, listen to me: don’t chase orders during a rapid drop—wait for the next round at a more comfortable entry.
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