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I was originally going to shut down and rest, but the chart suddenly gave a beautiful “turn-back” move. After just watching the bad news/negative catalyst, many people were still guessing whether it could be pulled back, but what I cared about was whether there was real follow-through on every bounce—and the answer isn’t optimistic.
$MYX tested back and forth around MYX; the upward push didn’t have sustained buy pressure, sell pressure was strong, and as soon as the price got close to the highs it turned soft. After that view formed, I didn’t chase the fluctuations—I entered a long around 0.1796, waiting for the shorts to cash out after the bounce ran out of steam.
The current price is at 0.0797, and this short position has now gained +1095.22%. I can finally relax the pace a bit. Take profit on 80% first, protect the remaining 20% at the cost price; if it keeps dropping, let the profit extend. If it suddenly rebounds sharply, I won’t let the floating profit turn back into a drawdown.
Experts die from catching the bottom, while retail traders die from chasing trades. The smart ones live in the moment. If you’re not sure, don’t touch the position—just take a look to stay clear-headed; opening trades blindly is foolish. For friends who haven’t boarded yet, listen to me: don’t chase the very last leg—wait for good news. The next opportunity will come with a steadier structure.
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