Shu Qin, Hype and ZEC, are they crazy? Rising so much, how can we short them? How should we operate on Bitcoin now? Come take a look.


1. Let's start with Hype, this thing is really tricky, it can rise even when the crypto market crashes. We previously shorted it at 43-45, held the position for a week, and finally shorted at $40, then we didn't dare to touch it again. So, can we short it now?
2. This coin kept rising from 40 to nearly 60, and Shu Qin didn't dare to pay attention to it because this is its new wave of upward movement, with strong momentum. But now it's already at 59, approaching the all-time high of 62, with significant resistance near the previous high, and there’s usually a good pullback.
3. So I plan to short around the current 59, aiming to take profit near 52-53, then if it slightly breaks the previous high, I will cut losses. The risk-reward ratio is still worthwhile, using a small loss to stop out and aiming for a good correction. Be aware of fake breakouts—if it breaks through and then falls back, that’s a false breakout, and we can reopen the position.
4. ZEC is similar; consider shorting near the previous high, as there’s usually a good pullback. If it breaks slightly higher, cut losses. Our main focus is the risk-reward ratio. If it’s a worthwhile trade, we can try it. The resistance at the previous high is also significant. Honestly, Shu Qin says that both ZEC and HYPE are high-risk trades; in fact, BTC and crude oil are easier to predict and profit from.
5. For example, on Bitcoin, we went long at the 76k support level, as shown in the chart, then planned to go near 78.3k. Now it has reached that level, so let’s be precise—so take profit on the long position now. I’ve already reversed and taken a small short position, hoping everything goes smoothly.
6. Additionally, our week-long oil position finally started to pay off. We shorted in batches at 99, 104, and 109. Shu Qin called it for several days, and now it’s dropping to 97, starting to take profit on half. If there’s a significant rebound, we can continue shorting. It’s a double win with BTC. Our patience has paid off—congratulations to everyone!
HYPE2.35%
ZEC-4.65%
BTC-0.42%
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LittleTeacher
· 05-21 09:54
Hype is no longer in the cryptocurrency circle. Now, it is the only global on-chain trading platform for all asset derivatives contracts. It is the most comprehensive application of blockchain technology over the years.
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