#MYX has been highly discussed these past few days, and some people ask me why the buzz is so high, yet I didn't immediately place an order. Actually, I noticed early this morning that the funding rate has already declined, and the price has dropped to around 0.82. After observing the MACD, I judged that there would at least be a rebound, with a target of about 1.5 nearby.

So I chose to place a short position around 10 AM, setting the price at (1.5 × 96%) which is about 1.44, and successfully completed the transaction close to noon.

As I write this article, the price has already shown a tug-of-war between bulls and bears, currently hovering around 1.5. I plan to observe for a day to see the market's next trend.

As for the funding rate, I'm not too worried:

1. The rate has already pulled back.

2. I haven't used leverage, so I can control it.

In my view, #MYX has now entered the public's sight, and it's becoming difficult for the market makers to act secretly. Coupled with the chips released after the lifting of restrictions, a significant rise is hard to achieve.