Trader Nets $559K on HYPE Options
Smart trader 0x6adb earns $559K in under 4 months via HYPE options on HypersurfaceX, using put selling on dips and covered calls on pumps for crypto gains.
SourceA savvy trader known as 0x6adb pocketed $559K in profits within less than four months by trading $HYPE options on the HypersurfaceX platform, leveraging two straightforward strategies: selling puts during price dips to collect premiums if $HYPE holds steady, and selling covered calls amid pumps to earn if the token doesn't surge further. This move highlights effective HYPE price prediction tactics amid volatile crypto market swings, drawing parallels to recent Bitcoin options plays that capitalized on similar momentum shifts over the past year.
Zooming into the 4-hour chart, $HYPE trades at $41.25 in a bearish structure, pressing against the EMA50 resistance at $41.85 while the EMA200 lurks as potential support below at $39.99—a confluence that screams caution for bulls. Momentum sits neutral with RSI(14) at 48.32, but the MACD(12,26) flashing a bullish golden cross despite its -0.61 reading suggests underlying strength building; meanwhile, price hugs the middle of the Bollinger Bands, with upper resistance at $42.72 capping upside and lower support at $39.1 offering a volatility exhaustion floor—expect a probe toward that lower band before any real rebound, especially if broader crypto market crash fears tied to BTC linger.
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