TechFlow News, May 30: According to Tristan Thompson’s disclosure on social media, he has established a short position in HYPE, shorting near $66.95 with 50x leverage; his stop-loss is set near $68.
Thompson stated that this trade is a short-term bearish play—not a shift toward long-term pessimism regarding HYPE. He believes HYPE still holds upside potential on higher timeframes, but expects a short-term pullback following its recent rapid price surge—hence his decision to execute an intraday or short-cycle short trade.
Recently, HYPE has continued strengthening and repeatedly hit new all-time highs; as a result, the tug-of-war between bulls and bears over its near-term trajectory has intensified significantly.
Add to Favorites
Share to Social Media
