$HYPE #HYPE 📉
Direction: SHORT
Entry zone: 73.34 to 73.64
Stop loss: 74.59
Target 1: 72.02
Target 2: 70.92
Hyperliquid is trading near 73.49 dollars, down 5.54 percent in 24 hours, inside a range of 72.46 to 78.04 dollars, and the recent closes show sellers pressing every bounce, 73.52, then 73.14, then 73.04, then 72.94, then 73.49. 🔴 My reading is that HYPE is weak even after Binance reopened its withdrawals, because the coin is still pinned near its 24 hour low while the market waits for CPI, and a coin that cannot bounce on its own good news is telling you the sellers are in charge. A short from the current zone, with a stop above 74.59, targets 72.02 first and then 70.92 if sellers push toward the range low. A move above 74.59 kills the idea without debate.
Futures trading is risky. Trade small, use a stop loss, and do your own research. This is my reading, not a guaranteed signal.
Does HYPE fall to 72.02 first, or bounce above 74.59? 🤔
Follow for more trades.
#Hype #Crypto #FuturesTrading #TradingSignals
Direction: SHORT
Entry zone: 73.34 to 73.64
Stop loss: 74.59
Target 1: 72.02
Target 2: 70.92
Hyperliquid is trading near 73.49 dollars, down 5.54 percent in 24 hours, inside a range of 72.46 to 78.04 dollars, and the recent closes show sellers pressing every bounce, 73.52, then 73.14, then 73.04, then 72.94, then 73.49. 🔴 My reading is that HYPE is weak even after Binance reopened its withdrawals, because the coin is still pinned near its 24 hour low while the market waits for CPI, and a coin that cannot bounce on its own good news is telling you the sellers are in charge. A short from the current zone, with a stop above 74.59, targets 72.02 first and then 70.92 if sellers push toward the range low. A move above 74.59 kills the idea without debate.
Futures trading is risky. Trade small, use a stop loss, and do your own research. This is my reading, not a guaranteed signal.
Does HYPE fall to 72.02 first, or bounce above 74.59? 🤔
Follow for more trades.
#Hype #Crypto #FuturesTrading #TradingSignals
