Recently, brothers have been diligently farming Binance Alpha points, and An An has launched a 3.5 million prize pool event, recommending to farm $MYX this coin @MYX_Finance:
1. Since its launch, the average daily trading volume has remained stable at 30 million. On May 12, a single candlestick on the 15-minute chart surged by 25%, forming a bullish structure at this level. The subsequent pullbacks have been climbing along the 15-minute 120MA. The market-making style suggests a shakeout before the surge; as long as it doesn't break below the 120MA (currently at 0.1), the bullish trend continues, meaning you can earn points while also profiting from the coin itself. There isn't much trapped capital above the new coin, with a market cap of 9-10 million, which is not high. Projects from Binance Alpha IDO can generally go live on contracts, and 30% can also go on spot, allowing for some probability plays.
2. There are limited-time double points, a thick pool with small slippage, and the principal lasts longer.
3. MYX has launched MYX contract pairs on the platform, allowing for short positions to hedge while farming points, which is the only project where short positions can be used for hedging in point farming, and there are recent fee discounts.
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