Update on Solana ($SOL ) and Hyperliquid ($HYPE )!
Since my first post on October 6, a lot has happened!
📉 SOL: From $120.70 to $103.70, a 14.08% decline.
📉 HYPE: From $93.41 to $78.60, a 15.86% decline.
Both assets showed a significant concentration of potential liquidations in leveraged Long positions, indicating a major downside risk imbalance.
But there are other factors behind the scenes that increase my confidence in trading against market consensus and human behavior!
Solana: The recent announcement of its first-ever office in China.
Hyperliquid: An environment of intense euphoria, particularly surrounding the Hyper Foundation's major community event in Singapore during TOKEN2049 week, where Jeff Yan was also among the featured speakers.
When I see this level of enthusiasm combined with imbalances in derivatives data, my confidence in taking positions against prevailing market sentiment increases significantly!
I warned about this publicly and put my analysis into practice, as my own trades clearly demonstrate!
This has absolutely nothing to do with liking or disliking a particular project. It's about understanding human behavior, identifying risk asymmetries, and acting ahead of the market based on data!
Events and narratives don't determine prices, but they help us understand the market's psychological environment.
Since my first post on October 6, a lot has happened!
📉 SOL: From $120.70 to $103.70, a 14.08% decline.
📉 HYPE: From $93.41 to $78.60, a 15.86% decline.
Both assets showed a significant concentration of potential liquidations in leveraged Long positions, indicating a major downside risk imbalance.
But there are other factors behind the scenes that increase my confidence in trading against market consensus and human behavior!
Solana: The recent announcement of its first-ever office in China.
Hyperliquid: An environment of intense euphoria, particularly surrounding the Hyper Foundation's major community event in Singapore during TOKEN2049 week, where Jeff Yan was also among the featured speakers.
When I see this level of enthusiasm combined with imbalances in derivatives data, my confidence in taking positions against prevailing market sentiment increases significantly!
I warned about this publicly and put my analysis into practice, as my own trades clearly demonstrate!
This has absolutely nothing to do with liking or disliking a particular project. It's about understanding human behavior, identifying risk asymmetries, and acting ahead of the market based on data!
Events and narratives don't determine prices, but they help us understand the market's psychological environment.