Most of countries tax year completion is based on Dec 31...
In that case most of institutional institutions avoid to keep such high assets in their balance sheets to avoid paying higher taxes so the sell off starts before year end.
In that way in my opinion huge correction going to be observed in gold, silver and other crypto assets like Bitcoin and eth.
Year end event is mostly cause high volatility in market if we track history.
$PAXG I was live at that time and saw every thing happening live when the worst crash is observed as such never saw before happening like that.. Millions of losses are faced by traders.. And it is purely a manipulation..
In Binance paxg called as gold backed up token which went straight to 3k zone and suddenly it came back to 39zone again... At another end gold went down only 2% in other exchanges. Which clearly show that paxg is not a gold token but just a scam like many other tokens. Same way xaut which is actually called as gold backed up token also remained stable in 39 zone but it didn't crashed liked paxg. I surely mention every one to stay away of this paxg scam its not a gold token.
Been greedy is always dangerous... Keeping emotions and Greed level in control is always important in trading otherwise this market is here to get Rich it self not for traders
Same I did.. Played it twice since it had hit 2$ and finally now kicked off this shit after taking profit from it. Now not touching it anymore where ever it goes no care
CryptorInsight
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صاعد
FINAL $MYX PLAN SECURING THE 7X WIN 💰💸 {alpha}(560xd82544bf0dfe8385ef8fa34d67e6e4940cc63e16)
The chart has given us a clear and undeniable exit signal. The professional move is to secure the profit. The trade is over.
$MYX Action: I am closing 100% of my remaining MYX position at the market.
Rationale: Nobody ever went broke taking a 700% profit. The goal is to make money, not to ride a winner to zero. The reversal candle is a command to exit. We take our legendary win on MYX, and we step aside with our capital. We will not give back these gains.
I will not be looking for a new entry on $MYX . After a move like this, the correction can be brutal. We bank the win. #MYX
Took the advantage of this shit twice.... I was playing in it since it was 2$....in total I made 1100$ profit and now kicked this off..... Now I where ever it goes I don't care
MeowAlert
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😿📉 I know a lot of you were waiting to short when $MYX hit the $5–$6 zone… and now you see what happened.
Too many short positions stacked up, and that’s exactly what fueled this massive jump — pure short squeeze energy.
What u think if gold will keep uptrend or soon any dip could be observed?
CRYPTO KICK - ME TRADING SHPK -
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$PAXG
Gold has shown 3 weeks of nonstop continuation and 16 straight green daily candles without a real pullback. I’ve been bullish since 3300 and still am, but this isn’t the place to chase. Ideally, I want to see gold hold above 3500 next week, build a solid base, and then give us a clean break & retest for the next leg up. The NFP move lacked momentum, but still can spike above 3600 to flush more shorts is quite possible. For me, dips toward 3500–3470 are buys, not sells. Let it create some bade price and even a good base on H1, and a break of that base can be a good swing play.
It looks scam to me... If we check it's transactions just two or 3 wallets are buying and selling its major supply which clearly show that its wale rug pull activity nothing else