This time $HYPE pumped, and I am not surprised at all. I entered a long position at 65.936, and now at 71.239, +571.07% has been realized. All those previous hesitations, fakeouts, and grinding eventually turned into the groundwork before the rally.



Many people panic when they see a drop, and get annoyed when they see a sideways market, but trading is sometimes counterintuitive. What you really need to watch is whether the decline continues to spiral out of control. Here it didn't; instead, the more it dropped, the more buyers stepped in, indicating that the selling pressure was absorbed. I had already noticed this level earlier, so as soon as the signal appeared, I dared to execute.

Now the volatility range has expanded, and the profit is already quite substantial. Don't forget about risk just because of one green candle. My approach is simple: take partial profits at 70, bring a protective stop at 30 to continue watching. If it can extend further, let it run; if a pullback hits the stop level, don't cling to the position.

Be even more clear-headed when you're profitable. Don't turn a single wave into an emotional trade. For those who missed $HYPE, don't chase it. If you chase in, you'll likely be shaken out by a retrace. Wait for the next opportunity and enter at a more comfortable level.

$BTC $ETH
HYPE-2.05%
ETH-0.19%
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