Accumulation and divergence are appearing at the same time. On the four-hour chart for $HYPE , the price remains below the moving average cluster, and the bearish alignment is still intact. Rebound volume is tapering off step by step, suggesting that buyers are not actively stepping in at higher levels. Given this structure, I’m more inclined to follow the trend and expect a pullback.
Repeated attempts to test a key level without breaking above it are, in themselves, a sign of weakness. Relative strength doesn’t mean the price can buck the trend. Once broader market sentiment weakens, the room for a catch-up decline may be more immediate.
🔴 Trade direction: Short
📍 Entry range: 73.64544 – 73.85115
🛑 Stop loss: 75.80863
🎯 Take profit 1: 72.20304
🎯 Take profit 2: 71.17287
🎯 Take profit 3: 69.62761
Behold the vastness of mountains and seas; observe the market’s subtleties.
Trade alongside Uncle Xiong, and witness the gains and losses of the world.
#HYPE
Click below to trade 👇
Repeated attempts to test a key level without breaking above it are, in themselves, a sign of weakness. Relative strength doesn’t mean the price can buck the trend. Once broader market sentiment weakens, the room for a catch-up decline may be more immediate.
🔴 Trade direction: Short
📍 Entry range: 73.64544 – 73.85115
🛑 Stop loss: 75.80863
🎯 Take profit 1: 72.20304
🎯 Take profit 2: 71.17287
🎯 Take profit 3: 69.62761
Behold the vastness of mountains and seas; observe the market’s subtleties.
Trade alongside Uncle Xiong, and witness the gains and losses of the world.
#HYPE
Click below to trade 👇