$MYX isn’t being dumped in a hurry.
Imagine how much money was burned in endless attempts to short it, yet it’s still at its highs.
I can only say one thing - this is one of the best jobs by the market makers in the past year.
Even now, they’ve managed to draw a textbook “Technical Analysis” pattern, which allowed them to rebalance a decent amount of volume. On the breakout of the highs of this “beautiful” triangle, they’ll “stuff” a solid volume on the sell-side + trigger the stops of short-sellers.
Great work. After such a pattern + a few fakes, this could be the actual high. With such sizes and so many participants, a regular pump/dump won’t happen - that only works on low volumes.
Imagine how much money was burned in endless attempts to short it, yet it’s still at its highs.
I can only say one thing - this is one of the best jobs by the market makers in the past year.
Even now, they’ve managed to draw a textbook “Technical Analysis” pattern, which allowed them to rebalance a decent amount of volume. On the breakout of the highs of this “beautiful” triangle, they’ll “stuff” a solid volume on the sell-side + trigger the stops of short-sellers.
Great work. After such a pattern + a few fakes, this could be the actual high. With such sizes and so many participants, a regular pump/dump won’t happen - that only works on low volumes.
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MYXUSDT
Perp
2.582
+1.25%