$HYPE This 75x short position—could be said to have viciously harvested the trapped longs that bought the top and got stuck.

I took a quick look at the chart: this coin dropped from a high of 72.9, and on a 4-hour timeframe it formed a textbook double-top breakdown. Today it even sold off with increased volume, hitting around 58.7. For a newly launched coin like this, after the frenzy of overtrading, it basically turns into a long grind down. Once the sentiment wave recedes, all that’s left are the panic-cut positions.

I opened my short around 63.2. Now the price is 59.13, and in my unrealized P&L I’m sitting on a profit of 450%+. A lot of people saw that the earlier low didn’t break and went bargain hunting—only to get buried midway up the mountain. That’s how the market is: don’t fight the trend, especially with this kind of high-volatility altcoins. Trade with the trend if you want to stay alive longer.

Even though the profit is already thick, I’m still setting my stop loss to protect the principal, and I’ll let the gains run a bit more. I’m ready to take profit at any time—no greed for the last bite. If you want to see how I spot opportunities and control risk in this kind of extreme market, come wait in my circle; opportunities like this don’t wait for slow hands. Going forward, whatever I do next will be synced in the group first. $BTC $ETH #PreIPOs第二期OpenAI认购