A friend just asked me: “Some smart money is suspected of reducing its HYPE position by $11.77 million within 10 days. If sold, it would make a profit of $11.26 million.” Is this good news or bad news?
Here’s what I said: It’s bearish in terms of direction, but bad news doesn’t mean the price will keep falling indefinitely. Once the panic subsides, opportunities may actually arise.
$HYPE What do you think?
#HYPE
This content does not constitute any buy or sell recommendation.
Here’s what I said: It’s bearish in terms of direction, but bad news doesn’t mean the price will keep falling indefinitely. Once the panic subsides, opportunities may actually arise.
$HYPE What do you think?
#HYPE
This content does not constitute any buy or sell recommendation.