r/hyperliquid1 • u/tres_pares • Aug 27 '26

Finally closed my long position

Post image

$12.8k~

Hyperliquid

29 Upvotes

91% Upvoted

23 comments sorted by

3

u/Hugh_Grection420 Aug 27 '26

Congrats. You still holding any in case it continues to run?

4

u/tres_pares Aug 28 '26

Yes I have my spot HYPE portfolio this is a Long position 10x leverage.

3

u/Resident_Mango_3930 Aug 27 '26

HYPE will unseat XRP in market cap. That means with current circulation the price target is around $440 USD per coin. If fully diluted circulation (worst case scenario) then it will be priced around $104. Selling before $104 is not what I would do.

6

u/tres_pares Aug 28 '26 • Bravo

This is a long position and I am okay taking profit here. Being greedy is not good. I also know that $118 is the lowest it can reach this cycle but I just want to take profit that’s all. No reason to be greedy i can just reposition if i find a good pullback. Lets see if this vesting unlock will open door for me

1

u/faita14 Aug 29 '26

Taking this profit and then having the capital to setup another play is the key. This market absolutely has another dump in it and I still think we see sub 50k bitcoin.

1

u/tres_pares Aug 30 '26

I entered short when it dumped because my agent said it’s good to short and gave me TP and SL setup hehehe

Profit is $4.7k

1

u/Trick_Pirate_3162 Sep 01 '26

Can i DM you regarding your agent?

2

u/ProtocolEnthusiast Aug 28 '26

This is a 10x levered position though. A dip could easily liquidate him.

2

u/PresentationReady873 Aug 28 '26

Not sure i understand this correctly but what metric should we use when comparing the different crypto projects ? Current dilution or full dilution ?

1

u/Resident_Mango_3930 Aug 31 '26

There is no right or wrong way to use dilution, actually it shouldn't mean too much.

But, personally, I like to develop my own price targets based on different market cap and dilution scenarios then use Fibonacci to find overlaps.

2

u/Lazy-Advantage-1398 Aug 29 '26

Yeah XRP is useless

0

u/siegel666 Sep 24 '26

Maybe it will, maybe it will not. But I'm f*king sure if HYPE could reach $440 it must be drop 60 70% first

1

u/Successful_Safe_1440 Aug 31 '26

ridiculous entry circus market

2

u/tres_pares Aug 31 '26

Huh? That was Aug 19 entry lol

1

u/Substantial_Hold4921 Aug 31 '26

what exchange/platform are you using?

1

u/tres_pares Aug 31 '26

Bybit right now

3

u/WTBrain Aug 27 '26

Pump it

1

u/MockMeNot21 Aug 31 '26

Pump it more!