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Recently, I heard an interesting trend in the community. A big holder of a meme coin can make 7.1 million dollars in a month, with total profits exceeding 80 million dollars. Such a trading expert has recently changed their strategy.
Previously, this guy was aggressively shorting, but now he has suddenly stopped. Instead, he directly bought nearly 8 million dollars worth of HYPE spot, and also opened equivalent short positions to hedge risk. This move is quite interesting—like the fiercest hunter on the battlefield suddenly putting away their weapons, starting to dig trenches and stockpile food. The logic behind it is clear: he is optimistic about HYPE's medium-term value but doesn't want to be dragged down by the overall market trend, so he buys the coin first and then insures himself. Short-term volatility doesn't matter; missing out on medium-term profit opportunities does.
From a technical perspective, HYPE's four-hour chart shows a clear signal. The MACD has formed a "golden cross," which is usually a positive sign. The price is currently fluctuating around $24.6, with $26 as the first resistance, and further up, the $28-30 range forms a strong resistance zone. Looking down, $23.5 is a support level; if broken, it might test $21.
Interestingly, despite the golden cross, the price didn't immediately rise. This is a psychological game played by the main players—suppressing the price and using time to drain retail traders' patience. If you think it will break out, it might turn back and retrace; if you give up, it might suddenly spike up. Currently, this oscillation zone is the main players' cost and layout area. Watching for break signals at this level will be quite critical.