$HYPE while it holds the bulls, but an important test is ahead.
The 1h structure remains bullish.
But the daily chart and BTC are bearish, so this rise still looks like a rebound against the main move.
I’m waiting for the 55.80–56.10 zone.
If buyers show up there, I see targets at 57.00 and 57.50–58.00.
I just don’t want to buy a green candle.
First, I want to see a proper reaction and a break of the lower structure to the upside.
And if the price consolidates below 53.745, the bullish scenario will no longer work.
$HYPE will it go higher, or will it first collect liquidity beneath itself?
#HYPE #Trading #Crypto
The 1h structure remains bullish.
But the daily chart and BTC are bearish, so this rise still looks like a rebound against the main move.
I’m waiting for the 55.80–56.10 zone.
If buyers show up there, I see targets at 57.00 and 57.50–58.00.
I just don’t want to buy a green candle.
First, I want to see a proper reaction and a break of the lower structure to the upside.
And if the price consolidates below 53.745, the bullish scenario will no longer work.
$HYPE will it go higher, or will it first collect liquidity beneath itself?
#HYPE #Trading #Crypto