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.

$BTC $ETH
MYX-4.15%
BTC-1.43%
ETH-2.46%
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