1. The current recommendation is to explicitly short"HYPE," holding a short position with 20x leverage. Multiple reductions in position size reflect the execution of a short-term bearish strategy. There are no tentative entry suggestions such as "overextended rally" or "waiting for a pullback." The overall bias is towards continuing to suppress prices at higher levels, emphasizing the continuation of the bearish trend. 2. Position and Risk Management Recommendations: It is recommended to maintain a light short position, currently around 0.66%. A gradual reduction strategy is employed to control risk, reflecting a cautious approach to reducing positions and locking in profits. There are no specific stop-loss or take-profit points, but multiple small reductions in position size mitigate the risk of pullbacks, suggesting a dynamic approach to position sizing without a fixed timeframe. The price level around $29.5 is used as a short-term reference. 3. This trading style-adaptive strategy is suitable for aggressive short-term short-selling, emphasizing quick entry and exit, flexible position reduction, and avoiding prolonged positions. It has no obvious catalyst dependence, relying more on technical analysis and position management rhythm, making it suitable for traders who frequently adjust positions and short with the trend.
HYPE: Summary of hummus community discussions (10:00:09 ~ 11:00:09)
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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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