$HYPE USDT - I'm cancelling my $100 bullish target. Here's what changed.
I have been strongly bullish on HYPE for weeks. I believed the recent decline was a correction before another move toward $100. But the daily chart has now given me a reason to change that view.
And when the market proves my analysis wrong, I change my plan.
The Structure Has Changed
The key difference is how HYPE broke support. A quick liquidity sweep followed by a recovery would have kept my bullish thesis alive. Instead, price closed decisively below the previous structure, confirming a bearish market structure shift on my chart.
The $76.75 support has been lost, and the fair value gap between roughly $82 and $87.36 is now an important potential resistance zone.
That changes everything for my previous setup.
My New Trading Perspective
I'm watching for a relief bounce, potentially back toward the broken structure and bearish FVG. Such a recovery would not automatically mean the trend has turned bullish again.
If price reaches that resistance area and forms a lower high with clear bearish rejection, I will consider a short setup. I also plan to use a suitable recovery to reassess or close my remaining spot exposure.My next major downside level is around $64.33. If that area fails, the $60-$50 region becomes a possible longer-term extension, not a confirmed destination.
Risk Management
I will not short blindly after such a sharp decline. I want a confirmed rejection, a defined stop-loss and an acceptable risk-to-reward ratio before entering.
A sustained reclaim above $87.36 would weaken my current bearish thesis and force another reassessment.
For anyone still holding HYPE, be careful about treating every green candle as the beginning of a new bull run.
I was bullish when the structure supported it. Now the evidence has changed.
My $100 target is off the table for this setup, and my current bias is strongly bearish.
Protecting capital matters more than defending an old prediction.
im looking also $BTC USDT move
I have been strongly bullish on HYPE for weeks. I believed the recent decline was a correction before another move toward $100. But the daily chart has now given me a reason to change that view.
And when the market proves my analysis wrong, I change my plan.
The Structure Has Changed
The key difference is how HYPE broke support. A quick liquidity sweep followed by a recovery would have kept my bullish thesis alive. Instead, price closed decisively below the previous structure, confirming a bearish market structure shift on my chart.
The $76.75 support has been lost, and the fair value gap between roughly $82 and $87.36 is now an important potential resistance zone.
That changes everything for my previous setup.
My New Trading Perspective
I'm watching for a relief bounce, potentially back toward the broken structure and bearish FVG. Such a recovery would not automatically mean the trend has turned bullish again.
If price reaches that resistance area and forms a lower high with clear bearish rejection, I will consider a short setup. I also plan to use a suitable recovery to reassess or close my remaining spot exposure.My next major downside level is around $64.33. If that area fails, the $60-$50 region becomes a possible longer-term extension, not a confirmed destination.
Risk Management
I will not short blindly after such a sharp decline. I want a confirmed rejection, a defined stop-loss and an acceptable risk-to-reward ratio before entering.
A sustained reclaim above $87.36 would weaken my current bearish thesis and force another reassessment.
For anyone still holding HYPE, be careful about treating every green candle as the beginning of a new bull run.
I was bullish when the structure supported it. Now the evidence has changed.
My $100 target is off the table for this setup, and my current bias is strongly bearish.
Protecting capital matters more than defending an old prediction.
im looking also $BTC USDT move