Before $HYPE Makes Its Next Big Move, I Think It Has One More Stop to Make
$HYPE is showing some bullish strength today, but I’m not convinced the downside move is over yet.
There’s a very strong HTF bullish liquidity zone around down, and I believe price could revisit that area before making a significant move higher.
For now, I’m looking for a potential short around the highlighted zone, targeting that lower key area.
I know I could be wrong, especially with today's bullish momentum. That's why I'll be risking less than usual and keeping my position size small.
The bigger picture is bullish for me, but I believe there could be one more opportunity on the short side before the real move begins.
Let's see how the price reacts.
#hype #TechnicalAnalysis
$HYPE is showing some bullish strength today, but I’m not convinced the downside move is over yet.
There’s a very strong HTF bullish liquidity zone around down, and I believe price could revisit that area before making a significant move higher.
For now, I’m looking for a potential short around the highlighted zone, targeting that lower key area.
I know I could be wrong, especially with today's bullish momentum. That's why I'll be risking less than usual and keeping my position size small.
The bigger picture is bullish for me, but I believe there could be one more opportunity on the short side before the real move begins.
Let's see how the price reacts.
#hype #TechnicalAnalysis
