Still charging!!!

The surge of $MYX indeed attracted a lot of attention, with its price once touching 8.3 USD.

It was previously speculated that this wave of market movement is mainly driven by the following factors:

The large holder's liquidation triggered a chain reaction: today's surge in MYX is due to the liquidation of a large short position, with a forced liquidation amount of 4.78 million USD. The concentrated buying resulting from this forced liquidation directly pushed MYX's price to a short-term spike.

Moreover, the astonishing trading volume and market confidence are unprecedentedly high. The monthly trading volume on the MYX perpetual contract platform has surpassed 9 billion USD, and the 24-hour trading volume has also exceeded 300 million USD. Such tangible data far exceeds many similar projects, proving to the market that there is real demand and revenue capability, rather than mere speculative hype, significantly enhancing investor confidence and triggering FOMO sentiment in the market.

Another factor is the recent decline in Bitcoin's dominance, leading funds to flow into altcoins seeking opportunities. MYX, as a standout asset, has attracted market attention.

MYX, with its excellent trading data, has demonstrated its ecosystem's activity and appeal. However, such short-term surges often accumulate a significant amount of profit-taking positions, and the risk of a pullback cannot be ignored.

For those brothers who have not yet entered the market, here is a brief reminder: some views in the market may urge you to blindly chase higher prices. Those who have not entered should avoid chasing high prices at this time; it is advisable to patiently wait for a pullback to the range of $3.7 to $3.9 before considering a gradual layout. For those who have already made profits, consider taking partial profits near historical highs to secure some gains. Investing in volatile assets like MYX requires strict risk control and position management, which is of utmost importance.

#山寨币市场回暖
There is a certain delay in the announcement, and as soon as I see the post, I want to know the entry point! Brothers who want to recover and double their investments, seize the opportunity!@杠杆胜手