The principles of trading are three points: accompany time, use data as your eyes, and let emotions guide you. Popularity is merely a tool for harvesting retail investors; when everyone is optimistic, that is the most dangerous moment. Do you think it is safe when no one believes in it? That is a big mistake. True safety is when everyone maintains a balanced attitude, and no one is discussing it fervently; that is the time of safety. Moreover, the most important point in trading is to learn to go with the trend!
Unlock of over $HYPE 900, with so much white money, can you really hold on without dumping the price? Not to mention it's the peak—what crypto project isn't just trying to fleece people? Wake up!!!
$HYPE Daily timeframe has already shown a bearish downtrend. Various bounces are luring people to buy. If the weekly chart breaks today, it will directly be a wick/liquidation that clears out the massive whale below $48. Only then might it bounce back to close the weekly candle.
$HYPE Don't chase it yet. The real big upward spike hasn't started yet. Anything can happen at any time—wait and see after the weekly line needle spike.
$HYPE All the supposed positives are just to get you to take the bag—especially when they release good-news projects at the top. Whether it’s prediction markets or the so-called leading decentralized exchange, it’s nothing more than a tool for trimming the greens. Buy when nobody cares, and sell when everything is buzzing—this is simple, though not easy.