$HYPE and you’ve stepped on that $80 again,
but first let me remind you: a sharp rise doesn’t mean this place is cheap.
Current price is $80.40, up 10.36% in the last 24 hours. Open interest is also up 6.88% at the same time. This time it’s not just shorts covering—there really is new money coming in. However, the long ratio has already exceeded 66%, and the daily chart is clearly overheated. There’s also a batch of sell-to-realize orders sitting around 82.69.
I’ll keep looking for longs, but I won’t chase the buy. If $79 holds, there’s a chance to test 82.69 again. A breakout would point to 85—88; if it falls back below $74, I’ll place an order at 73 to take a long, take profit at 84, and stop loss at 63.4.
but first let me remind you: a sharp rise doesn’t mean this place is cheap.
Current price is $80.40, up 10.36% in the last 24 hours. Open interest is also up 6.88% at the same time. This time it’s not just shorts covering—there really is new money coming in. However, the long ratio has already exceeded 66%, and the daily chart is clearly overheated. There’s also a batch of sell-to-realize orders sitting around 82.69.
I’ll keep looking for longs, but I won’t chase the buy. If $79 holds, there’s a chance to test 82.69 again. A breakout would point to 85—88; if it falls back below $74, I’ll place an order at 73 to take a long, take profit at 84, and stop loss at 63.4.