NBA star Tristan Thompson opens 50x short on HYPE at entry price of $66.95

NBA star Tristan Thompson said on social media this morning that he has opened a short position on HYPE.

According to details, the trade is a short-term bearish operation. He shorted HYPE with 50x leverage at $66.95, with a stop-loss set near $68.

Tristan Thompson stated that he remains bullish on HYPE in higher timeframes, but expects a possible short-term pullback, hence opting for an intraday or short-cycle short trade.