How can I enable hot reload of one specific node_modules package in my react native project?

Question

I have a react native application here.

I want to enable hot reloading for a specific project, this is how I installed it, within package.json:

{
  "dependencies": {
+    "my-dependency": "file:../my-dependency"
  }
}

Then yarn

How can I enable hot reload of one specific node_modules package in my react native project?