$MYX Liquidity dried up (trading volume plunged):
The most dangerous thing isn’t the decline, but the trading volume (VOL) below. During the previous weak rebound, a few volume bars appeared (1.55B), but now volume has shrunk drastically and is almost invisible.
This shows that the major players have completely withdrawn their funds, and nobody is active at this level. The current decline is a “free fall” caused entirely by a lack of buyers.
The most dangerous thing isn’t the decline, but the trading volume (VOL) below. During the previous weak rebound, a few volume bars appeared (1.55B), but now volume has shrunk drastically and is almost invisible.
This shows that the major players have completely withdrawn their funds, and nobody is active at this level. The current decline is a “free fall” caused entirely by a lack of buyers.