MYX is up 59%.
The moment most people see +59% and start to get tempted is exactly when market makers begin selling off.
Today it went from a low of 0.0599 to 0.1150, a 92% range—but the trading volume was only 1.68 million U. Liquidity is thin: with just a small amount of capital, you can push up a big move. And when it’s time to sell, there may not be buyers ready to take it.
FR is 0.0204%. The longs are paying every 8 hours. This money isn’t for nothing—it’s the market pricing in that “this direction is crowded.”
My take: don’t chase. Chasing +59% means you’re the one holding the bag for the people ahead of you.
I’ve seen too many markets like this.
🌿 Zhao (surname) does not disclose | Not advice
#MYX #perpetual contract trading
Will you follow this spike? Comment what you think.
The moment most people see +59% and start to get tempted is exactly when market makers begin selling off.
Today it went from a low of 0.0599 to 0.1150, a 92% range—but the trading volume was only 1.68 million U. Liquidity is thin: with just a small amount of capital, you can push up a big move. And when it’s time to sell, there may not be buyers ready to take it.
FR is 0.0204%. The longs are paying every 8 hours. This money isn’t for nothing—it’s the market pricing in that “this direction is crowded.”
My take: don’t chase. Chasing +59% means you’re the one holding the bag for the people ahead of you.
I’ve seen too many markets like this.
🌿 Zhao (surname) does not disclose | Not advice
#MYX #perpetual contract trading
Will you follow this spike? Comment what you think.