Pentoshi has taken an initial position by purchasing approximately 20% of the target size for HYPE at a price below $34. The analyst plans to make further purchases if prices weaken in the $30 to $28 range, as the market continues in a downward trend.
Pentoshi prefers to enter at weak price levels rather than chasing potential price spikes. Considering the overall market situation and the risk of re-staking supply, he is making small positions and placing bids at lower levels.
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