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Post

Someone asked me: Does a wick mean the bottom is in


The jargon is “wick,” and I only look at whose cost basis it lands on
$HYPE 07:00 candle wicked down to 70.576 and closed at 72.039
Lower wick: $1.46; volume: 358k contracts, 1.5x the average
Q: So someone caught it
A: Their cost basis is between 70.6 and 72
Q: How much room is left above
A: 74.332 was the high touched at 23:00 last night, with ma20 at 72.65 in between
Q: So, long or short now
A: I won’t guess; both scenarios are on the table
Above 72.65 with hourly volume back to 250k contracts, watch 74.332
Below 70.576, assume that wick never happened and look lower toward 70.353
Current price: 72.09. I’m staying on the sidelines and waiting
(Not investment advice; trade at your own risk)
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HYPEHYPE+0.33%
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Comment 8
GasManager
358k pieces; that's enough gas to move Curve three times
SimulateSigned
At 70.353, have you simulated the liquidation cascade on Tenderly?
YieldFarmer
APR hunters are watching this wick: the lower wick shows buyers stepping in, but whether volume at 1.5x the average can hold is another matter. I’ve seen too many “buy the dip and get trapped” plays in my farm; let’s wait until 250k contracts becomes the norm
BigStopSmallProfit
At 72.09, stay on the sidelines. Are you setting your stop loss at 70.353 or 70.576?
MockSigner
“Both scenarios are on the table”—phishing websites say it this way too, letting you choose whether to lose on the left or the right
BaseWatcher
The wick data—there’s no sync issue on Base, right
CrossChainArbitrager
I bought between 70.576 and 72; this price gap on Celer is enough for me to arbitrage twice
PositionFormula
Lower wick at $1.46. How do you calculate the stop-loss distance? Can the Kelly formula be used?

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