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Witness history! The new dark horse makes a comeback, causing a major reshuffle in the top ten cryptocurrencies!
HYPE skyrocketed past $70, surpassing DOGE in market cap and entering the top ten. Driven by continuous ETF inflows and bullish whales making a quick $46 million, contract holdings have reached $1.6 billion; meanwhile, bearish whales suffered a heavy blow, forced to cut losses and close positions worth over $22 million!
Hidden dangers behind the surge, short-term overbought bearish divergence.
12-hour and daily charts have already shown signs of a top, with a bearish structure. The best current strategy is range trading, "buying the dip." Aggressive short-term traders can wait for the price to rebound to the $70–74 range and gradually open short positions on the highs, with tight stop-losses near the upper boundary of the range.
Don't blindly chase the high; wait for the rebound to the $70–74 range and open short positions in stages (20% of the position at each level), with stops above $74. If the price turns downward, take big profits; if it breaks through $74, quickly cut losses and exit—don't hold on stubbornly! $HYPE
With the hashtag #Gate officially launching stock trading, posting content related to U.S. stocks gives you a chance to win Nvidia stock rewards.
Event Highlights
- Top 1–3: Each person wins $50 worth of Nvidia stock
- Daily Best Trading Analysis (7 winners): Each wins $20 worth of Nvidia stock
- Sunshine Award for 100 people + Newcomer First Post Award for 100 people: Each wins $2 worth of Nvidia stock
Gate stock supports USDT direct trading of stocks and ETFs on major exchanges like NASDAQ and NYSE, connected to compliant brokers, with real dividends automatically credited.
📅 Event Duration: June 1, 16:00 to June 8, 23:59 (UTC+8)
Event details https://www.gate.com/announcements/article/51466
#Gate正式推出股票交易 #Gate U.S. Stocks