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$HYPE Let me explain why I don’t like hype.
First of all, the market maker is clearly controlling the order flow. He rarely rebounds in a proper, rule-following way right on a moving average; instead, he breaks below it.
He doesn’t track the broader market (BTC), but sometimes he does track it (BTC). This makes it very hard to control the rhythm. And when you have multiple positions, you become extremely passive.
I closed my position this afternoon at the highest point. Just now BTC dropped, but hype went up. I don’t want to get involved in hype trades anymore.