$MYX has been pumped, it has been pumped for a week, and we have pulled 200 points. What should we do now!!
MYX is an on-chain derivatives platform, MYX Finance token, with a market cap of 500 million. It was launched on Binance contracts in April and has been in a range-bound oscillation for 3 months.
What secret is hidden behind this strong surge:
The airdrop unlock on August 6th【is expected to have strong selling pressure】, currently the contract funding rate is -2%, a low market cap highly controlled coin, many people are bearish. The more people are bearish, the more it rises. I personally expect this surge is also to offload some tokens before the airdrop unlock and to wash out the short positions in the contract.
At the current position, everyone should avoid going short. For fans who want to enter, it's better to wait for a pullback to go long. Fans who want to short can wait until the downtrend is broken before going short. The funding rate is too high and can drain you out 😅😅
