HYPE: Rose Community Discussion Summary (14:00:09 ~ 15:00:09)

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1. Current Recommended Direction After Bitcoin's significant pullback from $90,000, HYPE's price is consolidating around $30, suggesting a short-term wait-and-see approach in the market. There are currently no clear signals of a breakout or overtrading. It is recommended to maintain a tentative entry strategy and monitor for confirmation of a breakout. 2. Position and Risk Management Recommendations It is recommended to enter with a small position, using the consolidation range around $30 as a trial trade. Strict stop-loss orders should be set to protect against further BTC declines. Heavy positions and chasing highs are not recommended at this time. Monitor whether the price can hold the $30 support level; the timing will depend on further price action and market clarity. 3. Suitable Trading Style This strategy is suitable for conservative medium-term investors who want to wait for the trend to become clear after the consolidation ends. It is suitable for investors who are not in a hurry to enter and exit positions quickly. It emphasizes patiently observing BTC's price movements and HYPE's reaction to avoid being trapped by aggressive short-term trading.

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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