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x TASK VERIFICATION SECTION START x
Verified with Unique Reference: PF-LMN654 Task: Conduct a targeted “Altcoin Trade Blueprint” for one mid-cap altcoin (not previously analyzed) that has surged or dipped at least 25% within the last 48 hours. Create a short plan detailing whether to long or short it, based on publicly visible perps data (negative funding, open interest changes, social mania signals). In a concise doc, specify: (1) the altcoin and its 48-hour price move, (2) the rationale for a short or long entry (citing actual negative funding or OI triggers if any), (3) a hypothetical stop-loss point, and (4) a short final paragraph explaining how you’d monitor or exit the trade. This final deliverable sharpens your intangible edge and can be shared for verification by Post Fiat contributors. ALTCOIN TRADE BLUEPRINT
Altcoin and its 48h price move: Altcoin is HYPE; its price moved -30.69%
Rationale for long or short entry: Long entry at $15.67 because perps data suggests that there is a lack of short interest (funding remaining positive). What is happening now is simply long liquidations (decreasing open interest). Therefore when OI finds a bottom, I would expect late short positioners to get liquidated and push price back higher as it recovers from this sizable dump.
Elaboration on the perps numerical data:
Funding has remained positive, increasing from 0.0231% to 0.047%; open interest (OI) has decreased from a high of 422.677M to a low of 329.264M. Social media bearish social media posts such as this one are suggesting overconfidence in more downward price action, which signals to me that a local bottom will form soon as it usually pays off to fade the crypto twitter consensus.
Hypothetical stop loss: $14.20
Paragraph explaining how I'd monitor or exit the trade: I would monitor this trade by observing the open interest. It is currently at a local low of 350.800M after a prolonged downtrend, meaning it is likely to rise back up after price recovers from the recent dump. The idea is to exit before too many late long entries pile in, so I would plan to exit once OI has reached a reasonable return to the mean around 500M. This would likely put the price at a higher level than my entry and signal to me a fair exit point. An ideal exit price in mind would be over $18.00, with funding remaining stable. I would monitor this data using velo.xyz which provides all relevant perps data.
Trading Platform Screenshot: Long Position on HYPE using Hyperliquid Exchange
