HYPE: Summary of Binance Killers Community Discussion (23:00:10 ~ 00:00:10)

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1. The current recommended direction is to long, maintaining a bullish stance. $HYPE is currently consolidating above the 20.5–21.0 upward trend line. Although it failed to break through the 32–33 range, as long as the 27–28 support holds, it remains a corrective pullback within a larger recovery. It is emphasized that "as long as 27 is not broken, the probability of an overextended rally is high," while a break below 27 would invalidate the structure, potentially leading to a deeper pullback to 24–22. 2. Position and Risk Management Recommendations: We suggest starting with a trial order or a small position, focusing on the 27-28 support area as a key stop-loss point. The stop-loss should be clearly set; exit the position immediately if the price falls below 27 to prevent a deep pullback due to structural damage. No specific take-profit point is mentioned, implying that you can gradually add to your position following the trend, while closely monitoring the effectiveness of the 27 support level. 3. Suitable for a conservative medium-term investment style, this strategy utilizes corrective pullbacks based on trendline support. It avoids short-term, quick-in-and-out signals, emphasizing holding key support levels, making it suitable for trend investors who don't rush to chase rallies. The operational logic revolves around structural integrity, reminding investors that "a rebound below 33 is a test, and holding above 27 is a crucial exit window."

Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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