A friend asked me what was going on with the contract for $HYPE over the past couple of days. I casually shared a few thoughts:
“Over the past 24 hours, the price is up 3.08%, but open interest is down 9.68%. It looks more like shorts covering; whether the momentum will last depends on whether new money comes in.”
My friend then asked how to trade it. I said I really couldn’t say for sure. I usually wait and see, then decide once the price action plays out.
#HYPE
“Over the past 24 hours, the price is up 3.08%, but open interest is down 9.68%. It looks more like shorts covering; whether the momentum will last depends on whether new money comes in.”
My friend then asked how to trade it. I said I really couldn’t say for sure. I usually wait and see, then decide once the price action plays out.
#HYPE