Short squeeze! HYPE hits a new high of $72, keep an eye on this line for life or death!
In a bull market, the longs are crashing; follow the smart money and don’t become ‘fuel’.
1. Technicals: HYPE's 1-hour chart is riding the EMA7 strongly upwards, with MACD crossing above the zero line. However, RSI at 65 is nearing overbought territory.
2. Smart Money: Longs are sitting on an 85% profit, yet there’s starting to be tens of millions in unrealized losses — the long and short positions are fiercely flipping at these highs, and above 72.5 is a liquidation zone heavy with pressure.
3. News: Keep an eye on Loracle's remaining 60 million shorts to see if they get liquidated, potentially causing a cascade.
Example: Similar to DOGE after hitting the 7th market cap, there’s often a 20% pullback.
Long Strategy: Enter a light long position around 71.5-70.5, targeting near 74.
Short Strategy: Enter a light short position near 74, targeting around 70.5.
👉 Are you chasing longs or betting on shorts? Drop your levels in the comments!$HYPE #Solana治理论坛资源费用提案 #山寨
In a bull market, the longs are crashing; follow the smart money and don’t become ‘fuel’.
1. Technicals: HYPE's 1-hour chart is riding the EMA7 strongly upwards, with MACD crossing above the zero line. However, RSI at 65 is nearing overbought territory.
2. Smart Money: Longs are sitting on an 85% profit, yet there’s starting to be tens of millions in unrealized losses — the long and short positions are fiercely flipping at these highs, and above 72.5 is a liquidation zone heavy with pressure.
3. News: Keep an eye on Loracle's remaining 60 million shorts to see if they get liquidated, potentially causing a cascade.
Example: Similar to DOGE after hitting the 7th market cap, there’s often a 20% pullback.
Long Strategy: Enter a light long position around 71.5-70.5, targeting near 74.
Short Strategy: Enter a light short position near 74, targeting around 70.5.
👉 Are you chasing longs or betting on shorts? Drop your levels in the comments!$HYPE #Solana治理论坛资源费用提案 #山寨