$MYX just went from a boring $0.05 range to $0.115 in a matter of hours 🤯
And this is exactly where I don't want to be the guy blindly pressing long or short...
A move this violent can punish both sides. Chasing the green candle here is dangerous but shorting simply because it already pumped 90% can be just as painful if another squeeze comes in...
I'm watching $0.15 next for short opportunity ...
If MYX reaches that area and starts showing real rejection, that's where a small countertrend short could become interesting
Until then I'm staying out and letting the move develop
Sometimes the best trade after a crazy pump is waiting for the market to show you which side is actually trapped 👀
Short Trade :
Entry : 0.13-0.15
Targets : 0.11,0.10,0.085
SL : 0.165
#MYX
And this is exactly where I don't want to be the guy blindly pressing long or short...
A move this violent can punish both sides. Chasing the green candle here is dangerous but shorting simply because it already pumped 90% can be just as painful if another squeeze comes in...
I'm watching $0.15 next for short opportunity ...
If MYX reaches that area and starts showing real rejection, that's where a small countertrend short could become interesting
Until then I'm staying out and letting the move develop
Sometimes the best trade after a crazy pump is waiting for the market to show you which side is actually trapped 👀
Short Trade :
Entry : 0.13-0.15
Targets : 0.11,0.10,0.085
SL : 0.165
#MYX
