$HYPE Whale cashes out 9 million! Bulls crush bears, hourly chart signals a trend change is imminent, let's position ourselves for a double whammy!
Don't just jump in when you see a pump—smart money pulls out while pushing the price up, while dumb money is still standing guard on the mountaintop.
HYPE is currently at 73 bucks, looking pretty strong. But check this out: 705 longs raked in nearly 49 million, while 332 shorts lost 16.5 million. The long-to-short ratio is approaching three-to-one, and it's all bullish sentiment—something's off.
The key point is that the biggest long has pulled out 9 million in margin over the past two days! This isn’t a bearish signal; he's just cashing in, worried that if the price turns, he’ll lose his profits. The liquidation price has also moved up to 52.8. This is a warning sign.
On the technical side, the hourly chart shows resistance at 74.4 and support at 72. The liquidation map indicates a surplus of shorts below and a lot of longs above, making it ripe for a double squeeze.
My take: Don’t chase the highs from this level. It’s likely to oscillate, first enticing the bulls before a downturn.
Old Zhang's trading advice:
Long: Enter around 72-72.3 on a pullback, target 74.
Short: Enter if it bounces back to 74.2-74.5 and fails to break through, target 72.5.
Retail traders need to “patiently wait for opportunities, and strike precisely and steadily.” Follow Old Zhang for daily real-time strategy shares and loss-cutting guides!
#XRP跌至15周低点 #Aave因2.3亿美元rsETH漏洞改革上币标准
$LAB $币安人生
Don't just jump in when you see a pump—smart money pulls out while pushing the price up, while dumb money is still standing guard on the mountaintop.
HYPE is currently at 73 bucks, looking pretty strong. But check this out: 705 longs raked in nearly 49 million, while 332 shorts lost 16.5 million. The long-to-short ratio is approaching three-to-one, and it's all bullish sentiment—something's off.
The key point is that the biggest long has pulled out 9 million in margin over the past two days! This isn’t a bearish signal; he's just cashing in, worried that if the price turns, he’ll lose his profits. The liquidation price has also moved up to 52.8. This is a warning sign.
On the technical side, the hourly chart shows resistance at 74.4 and support at 72. The liquidation map indicates a surplus of shorts below and a lot of longs above, making it ripe for a double squeeze.
My take: Don’t chase the highs from this level. It’s likely to oscillate, first enticing the bulls before a downturn.
Old Zhang's trading advice:
Long: Enter around 72-72.3 on a pullback, target 74.
Short: Enter if it bounces back to 74.2-74.5 and fails to break through, target 72.5.
Retail traders need to “patiently wait for opportunities, and strike precisely and steadily.” Follow Old Zhang for daily real-time strategy shares and loss-cutting guides!
#XRP跌至15周低点 #Aave因2.3亿美元rsETH漏洞改革上币标准
$LAB $币安人生
