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CRYPTO MECHANIC
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38.99M $MYX Tokens worth over $58M at current price will be unlocked tomorrow. Buying here right now holds very high risk knowing the fact that its up over 10x in just 3 days and new supply will enter the market tomorrow.
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$MYX did over 10x in just 3 days and it’s only listed on futures. Why does this happen? Why do some coins move so sharply? Such moves are mostly triggered by short liquidations. Since this coin is listed only on futures, it’s much easier to manipulate. On futures, people usually trade with high leverage. When a token starts going up, many traders begin to short it, thinking “It has gone up too much, now it will come down.” But by shorting, these traders actually add more fuel to the fire. Market makers keep pushing the price up. When too many shorts are open, it’s easier for market makers to push the price up because short liquidations have to be filled on the sell side order book and order books are usually thin, which creates buy pressure, causing the token to move sharply upward.
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89% probability of "Rate Cut" in September. Rate cuts are generally Bullish for the market..!
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$HBAR Holding above its key zone
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One of the biggest mistakes traders make is getting emotionally attached to a position or a direction. You want the market to go up or down because of your bias but the truth is, the market doesn’t care what you want. Charts > Emotions Your feelings won’t make you money. Your bias won’t make you money. But reading the chart, following the trend, and listening to market sentiment can. If the trend is bullish, go with it. If it turns bearish, adjust. Don’t try to fight the market just because your analysis said something else. Sometimes we want to prove we’re right. But in trading, being right doesn’t matter being profitable does. Forcing your analysis on the market is like trying to swim against a strong current. You’ll just get tired and lose money. The easiest and smartest way to win in trading is Go with the flow. Let the chart tell you the story. Watch the sentiment. And move with the market, not against it. Simple rule: React, don’t predict.
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