The market is like sometimes it doesn't have any logic! Look at HYPE, in the middle of this waterfall where it turns out there was a fake whale behind it, it's still going up! That's weird, isn't it? Some happy with the New sticking coming, some are riding the wave of 15 million new purchases. But is this climb really going to last?
Now, let's get to the bottom of it: this William Parker, who zakaixbeaty exposed, is the one who was previously trapped for financial fraud! The party had raised 20 million from HYPE, also with heavy leverage deals. And then it turns out that his wallet was a phishing scam. With this situation, why is HYPE still green?
The answer is simple: the market loves stories! It's a story of ascent, because people only see green candles, not behind the scenes. The price has reached resistance of15.96 to16.15, and if it rejects that range, the next target is 16.75 and then 18. But this is an ideal scenario. It's enough to make the news worse, then HYPE becomes a victim of reality like everyone else.
Don't be optimistic, but if you want to ride the wave, know that this game will end somewhere!
Remember, the market is so volatile that cows and bears can both lose in the same day, so take care of Capital Management.