$HYPE hypeThis consolidation range structure is relatively strong. Also, during the day there has been some actual long positioning entering. Although over the next 72 hours the larger trend is still dominated by shorts, it’s also possible to first push the market up within a range and then follow with the subsequent distribution (sell-off) trend. You can start by cutting the position in half and watching.
It feels a bit like the earlier move around 500 dollars from tao—maybe you can first draw a comparison and use it as a reference.
Also, it’s not recommended to open hedged positions. If there’s heavy pressure, just reduce the position directly. After a very weak 4-hour close, you can then add back this half position.
It feels a bit like the earlier move around 500 dollars from tao—maybe you can first draw a comparison and use it as a reference.
Also, it’s not recommended to open hedged positions. If there’s heavy pressure, just reduce the position directly. After a very weak 4-hour close, you can then add back this half position.