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Everyone is shorting $HYPER , but I prefer to go long. Tell me if this logic is correct.
Long-short ratio 50.2%, bears are dominant, retail traders collectively leaning bearish, funding rate -0.0949%, bears are losing money to bulls every hour.
This kind of structure, the market makers won't be willing to go short with you; the correct approach is to go against the trend.
Open interest is decreasing by -5.2%, bears are closing positions and exiting, not adding new ones.
This market can't support the bears.
I've already gone long myself, with a stop loss at 0.1055, aiming first for 0.152.
Once I take partial profits, I’ll let the rest run towards 0.18.
Don't over-leverage your position; try a small position first.