MYX this wave of market movement is really intense—ripping from 2.77 straight up to 5.5. It looks spectacular, but a closer look at the candlestick charts reveals something suspicious.

The long upper shadows around 3.9 earlier were basically testing the market depth. The big players weren’t rushing to break down; instead, they repeatedly tested the level, which is a typical trap-testing technique. Suddenly pushing up violently to 5.5 indicates that the main force has a clear intention—but that purpose may not be to continue rising.

What’s most eye-catching is the needle line at 5.467. It’s an unmistakable top signal. From the pattern, this looks more like a classic trap to lure in longs: rapid ascent → attracting retail traders to follow → stabbing at the high → then a sharp drop. Retail traders like us are most vulnerable to getting caught in this trap.

If you chase in at high levels, be prepared to be trapped. Instead of standing by and waiting for a rebound, it’s better to think in the opposite direction—wait for the waterfall to appear. The technical signals already indicate risk; there’s no need to force it. The opportunity for a short position might be right in front of you, and patience will be more profitable.