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Deep Tide TechFlow News, May 30th, according to Tristan Thompson's disclosure on social media, he has established a HYPE short position, shorting at around $66.95 with 50x leverage, with a stop-loss set around $68.
Thompson stated that this trade is a short-term bearish operation, not a long-term pessimism about HYPE's prospects. He believes HYPE still has upward potential on higher timeframes, but after a rapid short-term price surge, a pullback may occur, so he chose to engage in intraday or short-cycle short trades.
Recently, HYPE has continued to strengthen and repeatedly hit new all-time highs, with a clear increase in the battle between bulls and bears regarding its future trend.