HYPE's sharp drop revisits 27.4, how can long traders break the deadlock?

Yesterday, HYPE rebounded to 30.7, and many friends thought the trend had reversed and rushed to enter long positions. However, the market did not continue its strong momentum and fell again to around 27.4 this morning, causing many to be trapped in long positions and even triggering forced liquidations. The market has once again proven that blindly chasing highs and selling lows is often the source of losses.

The current market shows that HYPE is under significant short-term pressure, with 27.4 becoming a key support level. If it cannot stabilize, further corrections are still possible. Liquidation data shows that in the past 12 hours, the total liquidation amount across the network reached 4.6 million, with a significant proportion of long positions, indicating that emotional following the trend remains a major risk for ordinary investors.

Friends who are trapped should avoid panicking and adding positions or cutting losses. Different positions have different cost bases, leverage ratios, and risk tolerance, and the strategies for breaking the deadlock vary from person to person. Some may need to reduce positions in batches to lower the average cost, some can use hedging tools to temporarily avoid risks, while others should decisively cut losses to wait for subsequent opportunities, but there is no one-size-fits-all method.

Market conditions change rapidly, and truly breaking the deadlock requires dynamic adjustments based on real-time data and position structure. If you are still confused, feel free to bring your position screenshot to me, and we can analyze pressure support, capital flow, and cycle rhythm together to formulate a personalized path for breaking the deadlock.

I am Hongcai, focused on market analysis and position management. Many people only look at ups and downs but do not understand the rhythm. The crypto world is not short of opportunities, but lacks patience and strategy. Follow me, not just for the code, but to learn when to act and when to wait. Follow Hongcai, and Hongcai will answer your questions one by one! #加密市场观察