$HYPE /USDT · Direction: Sell
HYPE is trading below both 4-hour moving averages, and the swing trend is bearish.
Entry: 77.72099 – 78.05701
Target 1: 75.74109 (-2.8%)
Target 2: 74.30916 (-4.6%)
Target 3: 72.16125 (-7.4%)
Stop loss: 80.75287 (+3.7%)
Reason: Momentum favors sellers, according to the 1-hour RSI at 28.4, which is below 45.
Risk: The price is far below its average, so a rebound is likely (−4.2 ATR from the 1-hour EMA50)
Plan: Close 50% at target 1, 25% at target 2, and 25% at target 3, and move the stop loss to the entry price after target 1.
Do you expect the decline to continue?
$HYPE
#HYPE
HYPE is trading below both 4-hour moving averages, and the swing trend is bearish.
Entry: 77.72099 – 78.05701
Target 1: 75.74109 (-2.8%)
Target 2: 74.30916 (-4.6%)
Target 3: 72.16125 (-7.4%)
Stop loss: 80.75287 (+3.7%)
Reason: Momentum favors sellers, according to the 1-hour RSI at 28.4, which is below 45.
Risk: The price is far below its average, so a rebound is likely (−4.2 ATR from the 1-hour EMA50)
Plan: Close 50% at target 1, 25% at target 2, and 25% at target 3, and move the stop loss to the entry price after target 1.
Do you expect the decline to continue?
$HYPE
#HYPE