$H (Humanity) has gone completely insane today, pulling a massive 126% gain in 24 hours. The volume is absolutely monstrous at 465M+ USDT pushing over 1 billion tokens.
It went into full vertical price discovery mode to tick a high of 0.60950, but look at the 1H chart now. It has printed back-to-back red distribution candles, and the current candle is breaking down below the 0.5600 region. The funding rate on this must be heavily trapped, and buying the absolute vertical top here is begging for liquidation. A deep pullback to cool off this crazy momentum is highly likely before any consolidation.
Position: SHORT $H
Entry Range: 0.55000 - 0.57500
Take Profits:
1. 0.49500
2. 0.44000
3. 0.38500
Stop Loss: 0.61800
HUSDT
Perp
0.36968
+28.16%