Tonight is destined to be sleepless! HYPE price is fluctuating violently at the key level of $42, and a TOP36 whale suddenly recharges with $8 million to buy 122,000 tokens! The market is instantly in an uproar, but Rainbow Tiger senses deadly risks from the candlestick chart; the death cross and golden cross are alternating frequently + the trading volume is continuously shrinking. Is this a whale's bottom signal or a bull trap?
News
The $4.83 million recharge exposed by on-chain analyst Ai Yi indeed ignited FOMO sentiment, but Rainbow Tiger's deep tracking found: this large holder's batch order TWAP buying strategy reveals their cautious mindset! Combined with the recent lack of substantial positive news in the HYPE ecosystem, the whale's layout may just be a short-term arbitrage behavior, and retail investors blindly following the trend are likely to be trapped!
Technical analysis
The giant whale's $4,830,000 order for HYPE seems favorable, but Honghu has discovered a fatal detail: TWAP’s batch buying exposes the main force's cautious mindset! The current coin price is stuck below the critical point of 42 with shrinking volume, and the frequent crossover signal indicates that a showdown between bulls and bears is imminent. My iron rule is: Breakthrough at 46 to chase long, stop loss at 35 if it breaks, retail investors at this moment would rather miss out than make mistakes! Honghu warns: Chasing high at this moment is like picking up firewood from the flames!
Retail survival guide
First, never chase the high if it breaks 42 dollars;
Second, if the support at 35 is broken, immediately stop loss;
Third, the strong support area at 30 can be gradually bottom-fished!
If you do not know the timing of entry and exit points, as well as the fans holding positions, you can follow the Honghu homepage. Honghu will announce daily cryptocurrency and entry points as well as exit timings in Honghu Village 24 hours a day!!!
Can HYPE break through 50 dollars? Will the giant whale recharge trigger a sell-off? The Honghu team has monitored more main force movements through on-chain data! The Honghu team specially serves ambitious lunatics! Follow Honghu to the village and let you cut through the market.
