This coin $HYPE has been mentioned before, keep it on your radar, it's a altcoin. Wait for the market to look bearish before we short it.
天龙八部-扫地僧
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The market indicators for $HYPE are currently showing no bearish signs; it's still set to pump. Mark it down and check back later. We need to wait for the daily indicators to align with a bearish trend before considering a short position. If the mid-term indicators are bearish, entering a position is a no-go; trying to catch a dip could end up costing you.
Given the strong upward trend, even if the daily indicators show a bearish alignment, if the MACD can't break below the zero line, the shorts will only capture a wave or mid-term play. We need to wait for the next daily indicators to signal a bearish trend before jumping in.
As for going long, I wouldn't recommend it. This coin is quite volatile, so just wait for the daily indicators to align with a bearish trend to take profits.
I've been trading altcoins since '24, back when there was an altcoin season. These days, I steer clear of altcoins; focusing on mainstream coins yields stable returns daily, weekly, and monthly. One must learn to be content; getting too greedy and trying to chase every altcoin can lead to trouble. Not every coin is a gem.
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