$HYPE The RSI is extremely overbought on both the daily and weekly time frames. Since the TGE, HYPE has been overbought 10 times, including now. 1. Minimum correction after being overbought = -9% 2. Maximum correction after being overbought = -32% 3. Current correction = -9.45% In times like this, when you're unsure what to do but remain bullish on HYPE, you can DLMM on @MeteoraAG @met_lparmy. If the price goes lower from here, you can accumulate more HYPE. And if the price goes higher from here, you can take profits. And on both directions, you will be earning fees. I've set up a bid-ask strategy. Detailed analysis in the article below.
Share
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.