MYX Life and Death Battle: Is $1.04 the bottom or the abyss? On the eve of a bloodbath for the bears, this signal determines whether you will get rich or be liquidated!

Brothers! It’s 11 o'clock Beijing time, my hands are shaking as I look at this chart — MYX's pullback could either be a gold pit or a bottomless abyss!

  1. The trendline has been broken! The yellow upward trendline has been precisely pierced, and the price is stuck at $1.04. How critical is this position?

    • The 61.8% Fibonacci retracement level is right underfoot, the last line of defense for the bulls!

    • The previous high of $2.078 has become a mountain pressing down on the bears. Without breaking through here, don't talk about the return of the bull market!

  2. The moving average system has issued a death signal!
    The moving averages that were originally in a bullish arrangement are now starting to turn downwards,the short-term moving average crosses below the long-term moving average—— This is the 'liquidation signal' that institutions are watching! But be careful,the trading volume suddenly shrinks, what does this indicate?

    • Are the bears bluffing? Or are the bulls holding back a big move?

Gold pit bottom fishing

Lightly test a long position near $1.027, with a stop loss set at $1.01.

Why? If it holds here and the trading volume suddenly increases, it indicates that the main force is accumulating at a low level, pushing directly to $1.2!

Bear trap counterattack

Wait for the price to pretend to break below $1.027, but if it closes with a long lower shadow on the hourly level, immediately go long!

Why? The bears are too aggressive, and their own people are starting to defect. This kind of V-shaped reversal can let you earn more than 30% profit!

There’s a big shot in my circle who bought 2000 long positions at $1.05 yesterday. His exact words were: 'If it falls below $1.027, I will directly increase my position to 5000!'

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