Trader Ansem: HYPE failing to sustain gains after positive news is not a good sign.
TechFlow reported on November 14 that, according to charts shared by trader Ansem, HYPE has given back most of the gains driven by the Duksy and ICE-related news.Ansem noted that major positive news failing to drive sustained price increases is typically not a good sign, indicating that market participants may already be positioned and are looking to de-risk into the catalyst.
TechFlow reported on November 14 that, according to charts shared by trader Ansem, HYPE has given back most of the gains driven by the Duksy and ICE-related news.
Ansem noted that major positive news failing to drive sustained price increases is typically not a good sign, indicating that market participants may already be positioned and are looking to de-risk into the catalyst.
