HYPE’s run up is indeed aggressive, but the idea of keeping a short order above 70 with strict stop-loss discipline isn’t wrong—wait until the rebound is properly in place, then test the waters.

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