When is $MYX suitable for shorting?
Brothers can refer to the trend of coin $BANANAS31 for a review:
BANANAS31 pulled for a week at that time, and it only took two days to harvest, directly ending.
The whole process is actually very typical: first, a crazy market cap increase, setting the rhythm, and in the last one or two days, directly crashing the market to unload and harvest retail investors.
Now looking at the recent rise of MYX, today marks the fourth day of increase, and the funding rate has also dropped to below -2%. What does this mean???? Those who understand, understand!!!
Those who went long before may have been washed out pretty much, and the market makers have cleared the necessary short positions, and they could pull up at any time.
Don't forget, when Bananas31 was surging to the top, it once reached the top 100 in market cap, and the K-line had a very obvious long upper shadow.
Currently, MYX is still at position 159 in market cap, theoretically, there is still upward space, and it may not be the right “timing” to start shorting yet.
This wave cannot be shorted, but the timing must be chosen well; too early may get squeezed, too late means no profit.
Currently, MYX is still on an upward trend, don’t rush, opportunities are not lacking, it just depends on whether you can understand the rhythm.
A Er will pay special attention to this demon coin and will find the right position to make a big move!!!
