$HYPE finally cracked the shelf today.
Sat on 87 to 89 for like three days after that Oct 29 rip, then the 11:00 candle this morning lost 87.5 and it never got back.
Since then just stuck 85.2 to 86.6, every bounce sold under both hourly EMAs.
For me 85 is the line now. Low today was 85.15 and its been defended twice. Hourly close under 85 and I think 82.5 comes fast, thats where the whole Oct 29 move kicked off.
Flip side is simple. Back over 87.5 and holding 88 means the drop was just a shakeout and the old range is back on.
Sat on 87 to 89 for like three days after that Oct 29 rip, then the 11:00 candle this morning lost 87.5 and it never got back.
Since then just stuck 85.2 to 86.6, every bounce sold under both hourly EMAs.
For me 85 is the line now. Low today was 85.15 and its been defended twice. Hourly close under 85 and I think 82.5 comes fast, thats where the whole Oct 29 move kicked off.
Flip side is simple. Back over 87.5 and holding 88 means the drop was just a shakeout and the old range is back on.
