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MX

MX Token... Open your eyes and stay Away!! ⚠️⚠️⚠️MX Token is a chart i really don't like and I will raise a warning at this stage⚠️ You don't need to agree and I can't be sure but i did call: ⚠️ the Luna crash ⚠️ the FTX crash ⚠️more recently the PLS-HEX (also XEN) bad practices (multi-coiners semi-scams) So listen up and take your own decisions but first look at this chart. It is as manipulated as it gets! Let's discuss why. A Tale of Manipulation and Volatility We have many manipulated crypto prices but few stories are as compelling as that of MXUSDT, a digital asset that has seen astonishing price swings over a relatively short period. The journey of this cryptocurrency, hosted on a particular exchange, reveals a complex interplay of factors that raise suspicions of price manipulation. ⚠️⚠️⚠️ The Meteoric Rise and Subsequent Fall: The saga begins with MX's incredible x16 increase in value. This initial surge might seem like the result of genuine market interest, but the subsequent 85% drop raises even a 10 year old's eyebrows. Such drastic fluctuations within a short span suggest that forces beyond natural market dynamics might be at play. (i say might perhaps i could be using a better word?) The Suspicious Rise and Fall Cycle: The story continues with an astonishing x7 increase in value, followed by a 79% plummet. This pattern of rapid ascent and sudden nosedive triggers concerns about the legitimacy of the price movements. A thriving cryptocurrency ecosystem typically reflects organic demand and supply dynamics, which seldom lead to such extreme and predictable cycles. ⚠️⚠️⚠️Unraveling the Manipulation: Several indicators point towards the possibility of manipulation by the exchange hosting MXUSDT. Let's look at possible techniques now: ⚠️Liquidity Concerns: Manipulators often take advantage of illiquid markets to orchestrate dramatic price swings. The frequent sharp drops in MX's value after significant rallies could suggest that market liquidity is being artificially reduced, enabling whales or insiders to capitalize on the ensuing panic. (sounds like a ''shitcoin'' situation) ⚠️Wash Trading: This deceptive practice involves creating fake trades to give the illusion of activity and volume. By artificially inflating trading volume, exchanges can attract traders and investors, potentially leading to more significant price fluctuations. The sharp increases and subsequent drops in MX's value might be indicative of such activities. Unfortunately I can't be sure but it looks possible doesn't it? ⚠️Pump and Dump Schemes: These schemes involve inflating the price of an asset (pump) through misleading information or orchestrated demand, only to sell off a large quantity at the inflated price (dump). The repeated instances of rapid price surges followed by substantial drops align with the characteristics of pump and dump manipulation. ⚠️Insider Trading: If the exchange's operators have advance knowledge of market-moving events, they could take advantage of this information to manipulate prices for their benefit. The unnatural predictability of MX's price movements might be indicative of insider involvement. I do not like what i see here Please kindly note: this is not a 'shitcoin' launched and controlled by a psychopath in a garage. ⚠️⚠️⚠️ This is the Official Token of a Crypto Exchange, trusted by investors!!!! ⚠️⚠️⚠️ ✔️✔️Take a look at some other 'exchange tokens' : and They look way better and trustworthy to me so I guess i have learned how to pick the exchanges i use or partner with. ✔️✔️ open your eyes and do the same! One Love, The FXPROFESSOR 👨‍🏫
Long
by FX_Professor
5
MX EXCHANGE TOKEN : INCREASE UPDATEMX the exchange token is shown at the side of the study's new increased volume. We will follow this coin at last for the next 24H to see if there are new gains that we can follow for the long term. These updates are daily updates but can change to long-term views if there is a trend building. We try to scan the best possible coins for the coming times, as trading there will be never a guarantee on any idea or expectation. The market moves with time, and we should follow it. Data shows if this coin is able to gain $1.75 then it's an important breakout point The current price is below $1.36 Since it's an exchange token, we did also study the trend of the exchange. MX exchange showing also an increase in the volume include users Depend on your study in more ways, as this is not trading advice. This is our view about MX for the short term, and if it gets confirmed for an uptrend we will follow it more.
Long
by Goldenbreakout
3
🆓MX Token (MX) May-10 #MX $MXMX has just broken out from the 1.4$ zone, which was the recent ATH. Now it is heading to 1.8$ and 2.2$ zone 📈BUY -Buy: 1.37-1.43$. SL if B 📉SELL -Sell: 1.76-1.84$. SL if A -Sell: 2.15-2.25$. SL if A ♻️BACK-UP -Sell: 1.37-1.43$ if B. SL if A -Buy: 0.97-1.03$ if A. SL if B ❓Details 🕯Timeframe : 1 Day 📈Red Arrow : Main Direction as BUY & SELL section 📉Blue Arrow : Back-Up Direction as BACK-UP section 🟩Green zone : Support zone as BUY section 🟥Red zone : Resistance zone as SELL section 🅰️A : The Close price of candlestick is Above the zone 🅱️B : The Close price of candlestick is Below the zone
Long
by CryptoStation
MX - Breakdown short from $9.93 to $8.57MX seems breaking down from a pennant formation. It also seems breaking its long term uptrend. Now if it breaks down its moving averages around $9.93 label, it has good potential do go down further. * Trade Criteria * Date First Found- October 23, 2017 Pattern/Why- Pennant & long term Up trend breakdown Entry Target Criteria- Break of $9.93 Exit Target Criteria- $8.57 Stop Loss Criteria- $10.73 Please check back for Trade updates. (Note: Trade update is little delayed here.)
NYSE:MXShort
by AcornWealthCorp