$MYX Token's Surge Today is Similar to August, How to Effectively Avoid Risks? Beneficiaries Can Pay Attention to Cool Master
Today, the MYX token has seen a significant surge, attracting the attention of many investors. However, when facing tokens that rise dramatically in a short period, we need to focus more on the underlying risks rather than blindly following the trend.
Firstly, MYX experienced extreme volatility in August, with its price rising nearly 20 times at one point, but it subsequently plummeted over 50% due to massive selling by institutions. This indicates that its price is highly susceptible to manipulation by large holders and market sentiment, posing obvious manipulation and liquidity risks.
Secondly, the unlocking mechanism of the token is also worth being cautious about. Once the airdrops and locked shares obtained by early investors or institutions are unlocked, it is easy for them to sell at high prices, leading to severe fluctuations and even panic selling risks.
To address these potential risks, it is recommended that investors take the following measures to avoid them:
1. Control Position: Do not over-invest or go all in; keep it within 1–2% of total assets.
2. Set Take Profit and Stop Loss: Establish clear exit strategies to avoid missing the opportunity to secure profits due to greed.
3. Avoid FOMO Behavior: When the token has surged rapidly, do not blindly buy at high prices.
4. Pay Attention to On-Chain Data and Unlock Information: Stay informed about the trading actions of large holders and the unlocking schedule of the token to respond in advance.
Short-term surges may be tempting, but the risks need to be taken seriously. Rationality and emotional control are key to navigating bull and bear markets.
Cool Master has been reminding everyone that minimizing losses is a gain; if you can’t grasp it, follow Cool Master’s stable strategies
