$MYX with this bullish candle, I’m watching one thing—can this high at 0.1078 really get nailed shut?
Right now the price is 0.1020, and in the past 24 hours it’s surged 36.91%. It looks fierce. But if you look back at yesterday’s -14% bearish candle, which dumped from 0.0730 to 0.0772 with panic selling—now it’s directly V-reversing back toward 0.1078. The worst part of this kind of move isn’t the shorts; it’s the longs who chase in the middle of the mountain. They’ve just cut their losses, and this bullish candle slaps them in the face.
On the futures side, they can already smell the gunpowder. Open interest is building, and the funding rate is still at +0.0050%—longs are paying, but they haven’t squeezed into a full-blown frenzy yet, which suggests we’re not yet at the stage of panic liquidation and dumping. But spot trading volume can’t keep up with the futures noise. This gap is a hidden risk—sentiment arrives before money, and it’s often a sign of accelerated topping.
The disagreement is simple: can 0.1078 hold or not? If it breaks through, then above at the 0.12 area there are another 130 long “whales” still hanging there—that’s the truly dangerous zone. If it can’t break, then when it retraces to 0.08815, can buyers take it? If they can’t, then this will be the classic script of pumping for distribution.
What longs fear most right now isn’t falling—it’s rising but finding no one to follow. Whether this bullish candle is truly starting a trend, or the last straw before a bear trap, will be revealed when tomorrow’s market opens.
$MYX
#MYX走势 #多空博弈 #V reverse risk
Right now the price is 0.1020, and in the past 24 hours it’s surged 36.91%. It looks fierce. But if you look back at yesterday’s -14% bearish candle, which dumped from 0.0730 to 0.0772 with panic selling—now it’s directly V-reversing back toward 0.1078. The worst part of this kind of move isn’t the shorts; it’s the longs who chase in the middle of the mountain. They’ve just cut their losses, and this bullish candle slaps them in the face.
On the futures side, they can already smell the gunpowder. Open interest is building, and the funding rate is still at +0.0050%—longs are paying, but they haven’t squeezed into a full-blown frenzy yet, which suggests we’re not yet at the stage of panic liquidation and dumping. But spot trading volume can’t keep up with the futures noise. This gap is a hidden risk—sentiment arrives before money, and it’s often a sign of accelerated topping.
The disagreement is simple: can 0.1078 hold or not? If it breaks through, then above at the 0.12 area there are another 130 long “whales” still hanging there—that’s the truly dangerous zone. If it can’t break, then when it retraces to 0.08815, can buyers take it? If they can’t, then this will be the classic script of pumping for distribution.
What longs fear most right now isn’t falling—it’s rising but finding no one to follow. Whether this bullish candle is truly starting a trend, or the last straw before a bear trap, will be revealed when tomorrow’s market opens.
$MYX
#MYX走势 #多空博弈 #V reverse risk