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I originally wanted to stop the loss and sacrifice it to the heavens, but I didn’t end up managing to make the offering to the sky—my “meat” ended up cooking itself. Right when the market got smashed at the start of the session, $MYX finally tore off the disguise on the high end, and the short position’s rhythm suddenly fell into place.
A few days ago, in the afternoon, I was watching MYX. I noticed the price kept pushing up repeatedly, but there wasn’t any sustained buying. The moment sell pressure showed up, it pulled back right away—this lack of follow-through on the rebound became more and more obvious. At the time, the guidance was simple: don’t chase longs; wait for the counterparty’s support to show a flaw.
I went long around 0.1796. Now the price is at 0.0731. With this leg, the shorts have cashed out, and the floating profit is showing +1166.48%. The longer it dragged on, the more clean and decisive it was when it finally dropped.
Close 80% first. Keep the remaining 20% as protection at cost—if it keeps dumping further, let the profits run. Even if it bounces back, don’t spit back the gains you’ve already taken.
The market is something you wait for, and profit is something you hold onto. For friends who haven’t boarded yet, listen to me: don’t chase the decline and rush in—wait until the next round of signals comes out before you move. There are still opportunities ahead.
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