HYPE turns short sellers into "Debt Heroes"! Is it still possible to go long now?

The most unfortunate people in the crypto world recently are not the bag holders whose coins have gone to zero, but those who are short HYPE.
Because just after they pressed the short button, the system immediately popped up a message: "Your funds have left the chat room."
HYPE surged 15% in a single day, reaching a high of $58.97, with a year-to-date increase of 134%. Even more intense, 24-hour short positions were liquidated for $30.6 million.
Many people originally wanted to buy the dip, but ended up being treated as a buffet by the main players.
Now, a strange phenomenon has appeared in the market:
The more it rises, the more people shout "collapse";
The more they shout "collapse," the higher it goes.
This is actually a typical emotional bull market.
Many retail investors make the easiest mistake of always trying to catch the top.
Seeing a big increase, they think "it must be the end."
But the reality is, what you see as Mount Everest, the main players tell you is only the foothills.
So, can you still chase now?
My personal opinion: I don't recommend heavy chasing, but the trend still leans bullish.
Because HYPE's strongest point right now is continuous capital inflow, and the short sentiment hasn't fully surrendered yet.
As long as shorts are still around, the market has the motivation to squeeze higher.
So I currently won't short.
Even if it has already risen like drinking ten cans of Red Bull, I won't go against the trend and hold firm.
After all, the most dangerous thing in crypto is betting with the main players that "it won't rise anymore."
The market will show you with real action: it dares to do it.
My strategy is:
Wait for a pullback;
Watch for support;
Confirm before going long.
If it suddenly surges violently, I won't chase.
Because this kind of position is most likely to experience a "pin education" (sharp correction).
Many people think trading is about predicting the future, but truly skilled traders just understand risk management better.
Especially in a wild coin like HYPE, you can be wrong in your prediction, but you can't hold the wrong position.
I even think that now trading HYPE is less like trading and more like participating in a variety show.
The first thing you do when you wake up every day isn't brushing your teeth, but checking if your account is still alive.
To sum up:
Before the trend ends, don't blindly go short;
Before the emotions subside, don't guess the top;
Before controlling your position, don't pretend to be a stock god.
Because in front of HYPE, all "top analysts" could turn into "top memes" in the next bullish candle.
#HYPE再度领涨