đ $HYPE (Hyperliquid) â Potential BUY Setup!
$HYPE is showing signs of a short-term recovery after pulling back from the $94.11 resistance area. Buyers are attempting to regain control, but the next move will be important.
đ Technical Analysis (5M Chart)
After finding support around $91.00â$91.50, HYPE has started to recover. However, price is still slightly below the Bollinger middle band, so I want to see stronger buying pressure before considering a confirmed breakout.
đŻ Trade Setup â LONG
âą Entry Zone: $91.50 â $92.00
âą Breakout Confirmation: Above $92.15
âą Target 1: $92.50
âą Target 2: $93.30
âą Target 3: $94.10
âą Stop Loss: $90.70
đ Bullish Scenario:
If $HYPE successfully breaks above $92.15 with increasing volume, it could move toward $92.50 and potentially test the $93.30â$94.10 resistance zone.
â ïž Risk Warning:
If price loses the $91.00 support area, the bullish setup becomes weaker. A breakdown could bring another test of lower support.
My Strategy: Iâm watching HYPE closely for a confirmed breakout. I prefer waiting for confirmation rather than entering blindly.
What do you think? Can HYPE reclaim $94, or will sellers push it lower?
#HYPE #Hyperliquid #CryptoTrading #Altcoins #BuySignal #BinanceSquare #CryptoAnalysis #DYOR
$HYPE is showing signs of a short-term recovery after pulling back from the $94.11 resistance area. Buyers are attempting to regain control, but the next move will be important.
đ Technical Analysis (5M Chart)
After finding support around $91.00â$91.50, HYPE has started to recover. However, price is still slightly below the Bollinger middle band, so I want to see stronger buying pressure before considering a confirmed breakout.
đŻ Trade Setup â LONG
âą Entry Zone: $91.50 â $92.00
âą Breakout Confirmation: Above $92.15
âą Target 1: $92.50
âą Target 2: $93.30
âą Target 3: $94.10
âą Stop Loss: $90.70
đ Bullish Scenario:
If $HYPE successfully breaks above $92.15 with increasing volume, it could move toward $92.50 and potentially test the $93.30â$94.10 resistance zone.
â ïž Risk Warning:
If price loses the $91.00 support area, the bullish setup becomes weaker. A breakdown could bring another test of lower support.
My Strategy: Iâm watching HYPE closely for a confirmed breakout. I prefer waiting for confirmation rather than entering blindly.
What do you think? Can HYPE reclaim $94, or will sellers push it lower?
#HYPE #Hyperliquid #CryptoTrading #Altcoins #BuySignal #BinanceSquare #CryptoAnalysis #DYOR
