trade idea
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$HYPE is ~20% away from its opening price, trading right around the 1.618 fib line and finding support in that area after a month-long downtrend. strong revenue model that can withstand market volatility and uncertainty. real users, etc.

combine that with the fact that binance just closed a $2B raise and most of the other major VC investments are in trading platforms and other infra plays (h/t @jake0 for the research) ... feels right

i wouldn't be going crazy with leverage or anything but it seems like a solid opportunity to accumulate.

Ah im looking at the oracle price I guess, which is right around $11. Doesn’t invalidate the idea imo.

the spot chart on HL shows it from open, perps doesn't start until $11 or so

Yeah that makes sense. I’m looking at the PYTH oracle price on TV