In the crypto market, key levels are like the 'Chuhe-Han boundary' between bulls and bears — whoever secures a position first can dominate the next script!

After a surge, it fell back at a key level; the short-term 'suspended' risk outweighs the opportunities.

Today's MYX trend is like a 'tightrope walk' — after the price surged below the key level of 1.8200, it deflated directly and is now hovering around 1.8000. The bulls fought hard today, pulling a 17% increase, but still couldn't stabilize at the 1.8200 threshold. What does that indicate? Either the bulls are 'weak', or the bears have laid 'mines' at the key level. This situation is like two teams confronting each other at the city gate, neither daring to strike first, but with a slight disturbance, it could easily tip to one side.

Long Ge's viewpoint: Short-term bearish, but don't rush to 'cut everything'.

Signals of the bulls' 'weakness':
Today, after a surge, it fell back. The trading volume increased during the rise but then shrank, indicating that the subsequent buying power wasn't keeping up. It's like calling your friends to help carry a sedan chair, only to find that no one responded — that's the current state of the bulls.

The bears' 'trump card' is stronger:
Looking upward, 2.0000 is a psychological barrier, while 2.1000 and 2.2000 are technical resistance levels, especially 2.2000, where many are trapped. For the bulls to break through, they need a 'nuclear-level' favorable factor; otherwise, the probability is low.
If it falls, 1.7800 is short-term support, but if it truly breaks down, it will head straight for 1.4500. It's like standing at the edge of a cliff, with only a thin rope underfoot — if it can't hold, the fall will be disastrous.

Operational suggestion: Stay out and watch, set stop losses for positions.

For those without positions:

Don't rush to catch the bottom! The current risk-reward ratio is too poor — limited upside space and significant downside space.

If you really want to buy, wait for two situations: either stabilize at 1.8200 and try with a light position, or drop to around 1.4500 to see the support strength. For now, it’s safer to brew a cup of tea and watch the show.

For those with positions:

Strictly monitor the support at 1.7800! If it effectively breaks down, decisively cut losses to prevent deep entrapment.

If it unexpectedly surges to 1.8200 and stabilizes, you can hold on, but don’t blindly increase your position above 2.0000 — there are 'minefields' above.

The most dangerous thing now is not the market volatility, but your itchy hands acting up!#MYX暴涨暴跌


Don't know when to enter the market? As I said, if you're confused and helpless about what to do, just comment. I need followers; you need references.