#MYX

Last night before sleeping, I shorted MYX, and this morning I also got a return!

Building positions in sync with 1v1 fans, when fans wake up, their accounts have increased significantly!

Now let's talk about the MYX token. On August 4th, Bitget launched MYX spot trading, and due to poor initial liquidity, a small amount of funds flowed in, causing its price to soar from $0.1 to $2 within 72 hours, an increase of nearly 20 times. The contract market price surged, leading to over $10 million in short liquidations, creating a cycle of 'short squeeze → liquidation → accelerated rise'.

Currently, MYX has three major risks: worsening liquidity trap, high proportion of retail investors on Upbit in Korea, if trading is restricted in the Korean market, it will trigger a sell-off; over 30 million airdropped tokens are pending release, early investors have low holding costs, and the risk of sell-off is high; if the V2 upgrade is not realized before September or performs poorly, the high valuation may collapse.

In terms of operation, my personal view is still to short at high positions. After these few days of turmoil, most retail investors are nearly wiped out and are not active anymore!

#ETH巨鲸增持 #加密股IPO季 #香港稳定币新规 #加密市场回调

Later, I will publicly share my strategies in the internal luxury group, when to enter, when to exit? How to catch strong tokens? What to set for take profit? The top scorers will inform fans in the luxury group at the first opportunity. As long as you follow my thinking and execute what I say, you will definitely reap the rewards!