$HYPE Back to 72! Insider whale made 46 million, can we still chase?


Brothers, HYPE continued its uptrend from last night and returned to $72 this morning.
Fundamentals:
Whale floating profit of 46 million: A wallet suspected of insider trading went long 1.38 million HYPE with 5x leverage, entry price $38.67, return rate 432%, position value approximately $99.5 million.
Strong on-chain data: Open interest in futures contracts exceeded $1.59 billion, with 24-hour trading volume reaching $250 million.
Today's unlock: Approximately 9.92 million HYPE will enter circulation on July 6, short-term selling pressure cannot be ignored.
Technicals:
Current price $72.2, has broken through the $70.8-71 resistance zone.
Upper resistance: $74-75, if broken, look at $76.
Lower support: $70.8-71, strong support at $68.
Gongming's view:
Insider whale has huge floating profit + today's unlock is bearish. The risk of chasing highs is high. It's safer to wait for a pullback.
Trading strategy:
Aggressive: enter long with small position near current price $72.2
Conservative: wait for a pullback to $70.8-71 to enter long.
The whale made 4x and could dump at any time. Don't chase highs, wait for a retrace and then enter.
#预测世界杯葡萄牙VS西班牙 #Vitalik公布精简以太坊路线图
HYPE3.44%
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