$MYX This wave of market is just the big players harvesting the retail investors!

From a technical perspective, the price plummeted from a high of 2.4 to around 1. The RSI indicator shows overselling, and MACD is also weak, but there are signs of a short-term rebound. On the news front, institutions went on a crazy selling spree after unlocking tokens, which directly led to a price crash. Short sellers closing positions and retail investors following suit pushed up the previous gains, and now the big players are clearly offloading.

Key points for everyone:

1. Don’t hold on stubbornly: The current price is fluctuating between 1.5-1.8, if it can’t rise, quickly run away, don’t wait for a second bottom;

2. Be wary of emotions: Although the market is greedy, a high turnover rate indicates that chips are loosening, don’t be the one to catch the falling knife;

3. Keep an eye on the big players: The unlocked tokens have not all been sold yet, there may be further sell-offs, don’t hold onto false hopes.

Short-term operational advice: Take profits quickly, don’t be greedy! For the long term, it depends on whether the platform can lock in assets exceeding 300 million dollars or whether there is substantial progress in cooperation with Binance; otherwise, don’t easily try to catch the bottom.

Some are getting liquidated, some are trembling with fear. If you’re always uncertain, you can follow the steps of Sister Thirteen. The winning streak of the team continues. For those who want to catch up with the Shen Dan strategy and learn the methods, Sister Thirteen is here waiting for you. #加密市场回调 #山寨季何时到来？