MYX Yongge's Afternoon Viewpoint

From an overall trend perspective, MYX has experienced a significant increase of nearly 1500%. The market has seen reasonable profit-taking behavior, the short-term pace has slowed down, and the structure is leaning towards a mild adjustment.

RSI (Relative Strength Index)

The previous indicator had entered the overbought range. Although the current phase of correction has released some market pressure, the recovery of investor sentiment still requires a certain amount of time to settle, and it is not advisable to rush to judge short-term trends.

Transaction Volume Signals

From the data, approximately 339,500 MYX (valued at about $5.9 million) were sold by large investors in the past 7 days, while the balance of MYX in the exchange has also increased by 8.23 million. This situation usually reflects that some holders are adjusting their positions, which objectively may put certain liquidation pressure on the market in the short term.

Operational Suggestions

In terms of operational thinking, it is still recommended to primarily short with caution. Consider entering the market opportunistically in the range of 12.10-12.40, with a target looking at around 11.50-11.90. It is important to remind that market fluctuations always contain uncertainties. It is advisable to implement risk control, adjust strategies flexibly based on real-time market conditions, and avoid excessive speculation. #myx