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This is the exact candle Loracle and many others capitulated their $HYPE long
It was my witnessing of this occurrence on-chain that provided me the conviction to remain balls long on Hyperliquid this week
I noticed that he had sold his stack entirely at around $24.05. At this same price tag, he was filled on his shorts for about 1/6th the notional. Given how the books barely moved when he sold, I was pretty confident an MM took the other side of the trade.
Given how trading is such a psychological game, I analyzed his wallet address to see whether there's merit to him capitulating due to being oversized.
That is in fact, what it looked like happened as I analyzed he had ran up a $10M profit compounding trades over time, with trades at the start of 2025 being much much smaller
Losing conviction can be such a costly mistake. That's why YOU must learn the skill of risk management and plan out EXPECTATIONS after the trade.
Welcome to PVE trading
Hyperliquid

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