Unbelievable💥, the $MYX skyrocketed by 150% in one day!!!
I believe everyone has been attracted by MYX's way of manipulating the market in the past few days, doubling in two days and also launching the ALPHA section's meme coin.
From the recent trend, it is clear that MYX has a low market cap with high control. Recently, the project team has been accumulating and building positions at the bottom, and with the upcoming airdrop unlock, they are realizing profits through speculation.
Currently, the funding rate for the contract has reached -2% [settled every hour], and there are particularly many retail investors shorting at the peak.
At this time, Brother Sen suggests: either wait to observe until the downtrend is broken before shorting, or look for a position to go long on a pullback.
Shorting now is like pulling teeth from a tiger; even collecting funding fees can make you numb. The project team is pulling up while releasing the supply, killing two birds with one stone by also blowing up the shorting retail investors.
For those holding MYX and unsure when to take profits or cut losses, if you have no direction, let Brother Sen guide you on the way forward!
