$HYPE Sideways trading at 55.7! The short positions are floating a profit of 7 million but dare not add to their positions, a rebound is imminent!

Brothers, take a look at this candlestick, HYPE price at 55.7, standing above the middle band of the Bollinger Bands at 55. MACD fast and slow lines are about to form a golden cross, the green bars have already appeared—bullish momentum is brewing. RSI still has room before reaching overbought levels.

Smart money data is the key: short positions have an average cost of 60.7, floating profit of 7.06 million, profit ratio 53%; long positions have an average cost of 56.88, floating loss of 1.41 million. Shorts are making money and could close their positions at any time, which would push the price higher. The long-to-short ratio is 92%, shorts are in the lead but already profitable, and their willingness to continue selling down is not strong.

Operational strategies:
Aggressive: go long near the current price of 55.5-56
Conservative: wait for a pullback to around 53-54 before going long

Remember, short covering is the biggest fuel for the bulls. In this wave of HYPE, look for a rebound to 58! #美国5月CPI创三年新高