tracking the structure on $HYPE, with the setup mapped around 37x, is struggling to hold the recovery
The moving-average structure is still bearish; any bounce needs to prove it can hold before the bias changes. The recent support area is around 69.55, while resistance is near 75.35. HYPE is 1.96% higher over 24 hours and is trading around 72.77. RSI is 52.4, a fairly balanced reading that leaves the next price reaction to decide direction. The planned entry is an area to watch for a failed bounce; it avoids chasing an already extended drop. Volume is only about 0.6x its recent average, so stronger participation would help confirm the move. This sits in the top three of 45 setups that passed the scan filters, with the mapped entry and stop defining the risk.
Short setup | Spot chart | 4H
Entry: 72.67â73.28 | TP1: 69.33 / TP2: 66.04 / TP3: 62.76 | Stop Loss: 75.8
#HYPE #Crypto #Write2Earn #Binance
The moving-average structure is still bearish; any bounce needs to prove it can hold before the bias changes. The recent support area is around 69.55, while resistance is near 75.35. HYPE is 1.96% higher over 24 hours and is trading around 72.77. RSI is 52.4, a fairly balanced reading that leaves the next price reaction to decide direction. The planned entry is an area to watch for a failed bounce; it avoids chasing an already extended drop. Volume is only about 0.6x its recent average, so stronger participation would help confirm the move. This sits in the top three of 45 setups that passed the scan filters, with the mapped entry and stop defining the risk.
Short setup | Spot chart | 4H
Entry: 72.67â73.28 | TP1: 69.33 / TP2: 66.04 / TP3: 62.76 | Stop Loss: 75.8
#HYPE #Crypto #Write2Earn #Binance
