$MYX This position is very resistant, and the volume can't keep up, so the rebound is likely to fail. At this time, shorting is definitely not a mistake.
But if it breaks through 2.15 and holds, hurry up and stop, don't hold on stubbornly. For those who want to go long, wait until it drops to around 1.28707 before taking action, set a stop loss at 1.25, and look up to 2.07888.
The support level is strong enough, plus the engulfing pattern is backing it up, waiting for a rebound isn't considered gambling. But if it drops below 1.25 and continues to fall, don't hesitate, run quickly.
In short, this thing is just a fluctuation monster, don't blindly chase the highs and sell the lows like a retail investor, focus on these two key levels before taking action, otherwise you will be cut and crying for help in no time!!!
I have already positioned myself in advance for the next big market movement, bringing you easy profits lying down with a full position!