$HYPE shows interesting conditions because it comes from testing the upper area and the daily chart reflects that the main bullish impulse has already started to cool off.
If I had to assess a short right now, these would be the key points to consider:
It’s not a good idea to enter chasing the price halfway. Ideally, for a short, wait for the price to attempt a small rebound toward the resistance zone between 82,000 and 85,000 USDT and fail to break it, or wait until it strongly loses the 75,129 USDT support to confirm the breakdown.
Since the RSI is neutral and the price stays oscillating in the middle zone (around 78,800), entering a short right now is risky because the market could range sideways or deliver a sudden bullish snap before deciding its real direction.
Do you prefer to wait for a rebound up in order to catch the short, or are you watching for support to break so you can go all in to the downside?
TOUCH HERE ⬇️⬇️
If I had to assess a short right now, these would be the key points to consider:
It’s not a good idea to enter chasing the price halfway. Ideally, for a short, wait for the price to attempt a small rebound toward the resistance zone between 82,000 and 85,000 USDT and fail to break it, or wait until it strongly loses the 75,129 USDT support to confirm the breakdown.
Since the RSI is neutral and the price stays oscillating in the middle zone (around 78,800), entering a short right now is risky because the market could range sideways or deliver a sudden bullish snap before deciding its real direction.
Do you prefer to wait for a rebound up in order to catch the short, or are you watching for support to break so you can go all in to the downside?
TOUCH HERE ⬇️⬇️
