In the evening, I aimed at #MYX and noticed a top divergence at 1.2, decisively urging fans to go short. When it dropped to 1.1, I promptly exited, securing a profit of 6 points!
myx is a non-custodial derivatives exchange that supports on-chain trading of perpetual contracts for any tokens in the existing AMM market. It surged from the bottom to 2.418, with no substantial positive news from the project team visibly driving the price up; it is now in a downtrend.
Looking at the technicals, the MACD red bars are shortening and diverging from the price, KDJ has a death cross at a high position pointing downwards, and the volume is not keeping up with the rise, which is clearly a trap for buyers. Fans entering short positions are now showcasing their profits.
Brother Liang's trades are all real-time trades; those who keep up should hold on boldly!
Feeling lost with the market's ups and downs? Not sure how to get out of a position? Even feel like your operations are being led astray? Don’t hold back, come find me to chat, and I’ll help you sort out your thoughts～
