Just finished lunch and opened the chart—what was originally showing sideways strength quickly turned into giving short sellers the assignment. When the price kept oscillating during the session, $MYX tested the upside multiple times, but it never really held; pull it up and it just goes soft, with the follow-through staying weak.



What I was watching wasn’t the superficial push higher, but whether there was real buying momentum backing each move up. When MYX showed signs of rebound fatigue around 0.1796, I judged that the squeeze-and-fake-out flavor was pretty heavy, so I followed the rhythm and went long, without chasing that illusory strength.

After that, the price dropped back to 0.0667, with a return rate of +1235.55%. The timing of this trade was pretty on point—I finally waited until the shorts released the key level.

I pocketed the bigger share first: closed 80%, and kept the remaining 20% to follow along. I’m also watching the protection level to see if it comes back to my cost. If it continues to dip, I’ll keep holding; if there’s a rebound, I’ll actively close.

Being out of the position isn’t wrong—messy chasing is what usually causes problems. If you missed it, don’t rush to buy in to “top up” yet; the market doesn’t lack opportunities. Wait for the next wave of signals before moving.

$BTC $ETH
MYX-4.78%
BTC0.79%
ETH1.21%
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