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$MYX this long-dormant coin suddenly launched, with a single-day increase of over 55%, and the underlying logic is worth a deep dive.
From on-chain data, the signs of continuous net inflow of funds before this rally were already very obvious. Some traders detected this signal early and entered accordingly. The market indeed did not disappoint, surging quite aggressively. Trading volume also increased accordingly, and the enthusiasm was instantly activated. This kind of trend often attracts many follow-up traders in the short term.
So now the question is—is there still room for growth?
From a technical perspective, it is not recommended to chase long positions aggressively at this moment. A more rational approach is to wait until the market fully exits the downtrend before considering short positions, which would significantly improve the win rate. Once a trend reversal is confirmed, timely follow-up would be a safer choice.
Interestingly, some are discussing whether this wave can break through a billion-level trading volume. Whether this target can be achieved depends on the subsequent fund flows and whether market sentiment can be sustained. Based on past experience, when a coin of this level suddenly launches, the sustainability of trading volume is often the key.
On-chain data is all after-the-fact analysis; the real profit opportunities have long been eaten up by whales.
Wait for the trend reversal to be confirmed before taking action. That's the long-term survival rule.
Why is it always like this? Every time a market rally starts, everyone on the internet is talking about this coin. In the end, even with billion-level trading volume, it's just talk.
Continuous net capital inflow? Ha, that's just the sign of the whales accumulating. Don't be fooled by the surface hype.
This wave is indeed fierce, but whether the trading volume can hold up is the real key; otherwise, it's just hype.
A 55% increase sounds great, but many who chase in end up getting cut. I choose to watch.
When it comes to net capital inflow, it depends on whether the funds are from institutions or retail investors; the difference is significant.
Let's wait and see. Such rapid rises are often followed by quick cool-downs. No need to rush.
Why are we always discussing trend reversals? Talking about reversals is almost the same as not talking about them at all.
$MYX, is this really the real deal or just another round of a leek-cutting show? Time will tell us.
But it's true that on-chain funds are pouring in wildly, no wonder some people are catching this wave of profits.
The key is that if you buy in now, you'll just be the bagholder. Let's wait and see if there's a pullback before jumping back in.