$HYPE This pullback might hide a big opportunity.

First, let's look at the data: In the past 24 hours, the amount of short liquidations reached 4.78 million USD, which is 12.3 times that of long positions. 54.8% of people in the whole network are shorting, but they are being educated by the market. At this moment, I actually want to ask - should we go against the trend?

Let's see how professional players play. On dYdX, the long position accounts for 81.3%. You know this platform has fewer retail investors and more professional players. Their votes with real money are often more reliable than the emotional crowd.

The short squeeze market has a characteristic: rising is not scary, what’s scary is when shorts are forced to cover during the rise, which in turn pushes prices higher, creating a chain reaction. HYPE is showing this trend right now. The price has broken through with volume, the RSI is in a healthy range at 60.25, and the MACD has a golden cross upwards—technical aspects are nicely aligned.

My thought is like this:

Around 32 dollars is a good ambush point, and you can build positions in batches. If it breaks 32.4, add some positions during the pullback. But there is an iron rule: if it falls below 28.8, you must exit, as this is a key support level, and if it breaks, the structure changes.

Looking up, 33.715 is the previous high resistance. After breaking through, 34.5 and 35.5 are both reasonable expectations.

The market is always a game where a few people make money. When most people go short because "it's gone up too high," it may be the time to position for a long. Of course, this is just a possibility, not a guarantee.

The essence of trading is a game of probability, betting on opportunities with a high win rate. I think this HYPE data structure is worth a gamble. What do you think?