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Gareth Soloway, chief market strategist at InTheMoneyStocks, highlights that HYPE is nearing a key support level at $50.
He is watching the trendline to determine if support can hold at this price.
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Soloway has recently exited several profitable trades. He closed a long trade on RKLB after one day, booking an 8.07% gain for $3,953 in realized profit. In a separate trade, he reported closing a SOXL long position after 23 hours, securing a $10,056 profit.