MYX's recent trend has been quite interesting. The triangle breakout layout last month has already yielded a 35% increase for those who followed, and the pace is pretty good.
From a technical perspective, the main resistance level is around 7 yuan. Based on the current price of 5.5, there is still about a 30% upside potential. This space justifies the waiting time.
However, opportunities and risks always go hand in hand. All trading advice is subjective, and profits or losses must be borne by oneself. If you already have a good unrealized profit, remember to reduce your position in time to protect your gains and avoid being too greedy. Wishing everyone success😀
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
14 Likes
Reward
14
5
Repost
Share
Comment
0/400
MoneyBurnerSociety
· 01-03 09:49
A 35% increase still requires you to bear the risk—that's our daily routine.
---
Reducing positions sounds easy, but when you see unrealized gains in hand, everyone wants to take a gamble, and then a new cycle of losses begins.
---
At the $7 resistance level, I bet $5 that it won't fall below, and then I start to bottom fish.
---
Another triangle breakout, another 30% room—how is it that every coin seems to tell this story?
---
Timely reduction of positions to protect gains is correct, but what I’m better at is timely full positions during losses.
---
So how is the guy with 35% now? Still holding or has he already fully given back his gains? That’s what I care about.
---
The resistance level is $7, so I’ll wait until it hits $5.8 to go all in and experience what true risk management feels like.
View OriginalReply0
ColdWalletGuardian
· 01-03 09:45
Oh no, 35% already? How did I miss it again? I should have been more decisive from the start.
By the way, can it really reach 7 dollars? I still feel quite pressured.
If there's unrealized profit, you have to sell. That's true. Last time, I was greedy and ended up losing it all, a painful lesson.
This time, MYX's momentum is much stronger than the last one. It really has some potential.
View OriginalReply0
ForkTongue
· 01-03 09:44
A 35% increase is pretty good, but those getting in now should be mentally prepared; crossing the 7 yuan threshold might not be easy.
MYX's recent trend has been quite interesting. The triangle breakout layout last month has already yielded a 35% increase for those who followed, and the pace is pretty good.
From a technical perspective, the main resistance level is around 7 yuan. Based on the current price of 5.5, there is still about a 30% upside potential. This space justifies the waiting time.
However, opportunities and risks always go hand in hand. All trading advice is subjective, and profits or losses must be borne by oneself. If you already have a good unrealized profit, remember to reduce your position in time to protect your gains and avoid being too greedy. Wishing everyone success😀