HYPE: Summary of hummus community discussions (06:00:09 ~ 07:00:09)

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1. The current recommendation is to explicitly short"HYPE", with entry prices concentrated in the 29.52-29.53 range. The strategy involves alternating between adding to and reducing positions, demonstrating a firm bearish outlook. The absence of phrases like "overextended rally," "waiting for a pullback," or "tentative entry" indicates an active short strategy, without waiting for confirmation of a rebound. 2. Position and Risk Management Recommendations: We recommend operating with a light position, currently around 0.88%~0.96%. Maintain short positions with 20x leverage, with the quantity fluctuating between 290,000 and 300,000, reflecting a gradual increase or decrease in position size. There are no clear take-profit or stop-loss price levels or timeframes indicated. Closely monitor the resistance level at 29.5, and it is recommended to set a stop-loss to guard against sudden rebounds. 3. This trading style-adaptive strategy is suitable for aggressive short-term short short, characterized by quick entry and exit, leveraging high leverage to amplify profits, and closely monitoring short-term price fluctuations and market sentiment. It is not recommended for those without a clear trend or conservative medium-term holding intentions, as frequent fluctuations in short positions indicate that "rallying is a window to escape," and it is not advisable to linger in the market.

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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