🚨 $HYPE forming lower highs (98 -> 94 -> 87) and lower lows (90 -> 85).
· Most recently, price formed a local peak at 87 and is showing signs of slowing down its downward momentum, forming a wick at the 85 zone.
• Price is testing a crucial support zone around 85. If this zone is lost, the medium-term downtrend will continue.
🎯 TRADING SET UP
· 🔴 $HYPE SHORT (Preferred, following the main trend)
· Condition: Price recovers to resistance zone of 88 - 89 but fails to break through, showing rejection candles
· Entry: 88
· SL: above 90.7
· TP: 86 (Partial take profit), 85 (Majority take profit), 82 (Expectation if the bottom breaks).
· Alternatively, Enter when price strongly breaks 85 bottom with high volume.
· 🟢 $HYPE LONG (Short-term bottom catching - High risk)
· Condition: Price holds 85 support zone and shows a reversal signal
· Entry: 85 - 86
· SL: below 83
· TP: 88- 89 resistance zone
Support me just Trade here👇
#hype #Hyperliquid
· Most recently, price formed a local peak at 87 and is showing signs of slowing down its downward momentum, forming a wick at the 85 zone.
• Price is testing a crucial support zone around 85. If this zone is lost, the medium-term downtrend will continue.
🎯 TRADING SET UP
· 🔴 $HYPE SHORT (Preferred, following the main trend)
· Condition: Price recovers to resistance zone of 88 - 89 but fails to break through, showing rejection candles
· Entry: 88
· SL: above 90.7
· TP: 86 (Partial take profit), 85 (Majority take profit), 82 (Expectation if the bottom breaks).
· Alternatively, Enter when price strongly breaks 85 bottom with high volume.
· 🟢 $HYPE LONG (Short-term bottom catching - High risk)
· Condition: Price holds 85 support zone and shows a reversal signal
· Entry: 85 - 86
· SL: below 83
· TP: 88- 89 resistance zone
Support me just Trade here👇
#hype #Hyperliquid
