andre_007

MUX: a decentralized derivatives market aggregator

Long
andre_007 Updated   
MEXC:MCBUSDT   MCDEX / USDT
πŸ“œOverview

The MUX Protocol Suite is a set of two components:

1. a decentralized leveraged trading protocol, offering zero price impact trading, up to 100x leverage, self-custody, aggregated liquidity;
2. a sub-protocol that automatically selects the most suitable liquidity route and minimizes the composite cost for traders while meeting the needs of opening positions.


Currently MUX is deployed on Arbitrum, BNB Chain, Optimism, Avalanche and Fantom.

In short, just as 1INch is to Uniswap, PancakeSwap, Curve, and other DEX, MUX is to GMX and GNS.

πŸ“ˆ Graphic analysis

The price is in an impulsive wave 3.
A possible entry would be after an ABC correction at $9.25.
If the price breaks the last historic high and rises wildly, expect a throwback.
The target on the 1.618 Fibonacci projection sits at $37.36, having a 167% upside potential.

Comparing this asset with others of the same class of derivatives, perpetual or futures (putting BTC together just to have a reference), we can see that this year the MUX token performed the best.

⚠️ It is worth mentioning that it is a highly risky and speculative operation, with an asset that is under the radar.
It still does not have trading on large exchanges, such as Binance and Coinbase for example.
Do your own research and take your risks.
Trade closed: stop reached

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