$HYPE $87.75, straight to the short 📉: MA7 $86.5 is still sitting below MA25 $89.1. Any bounce back to $87.8 gets pushed right back down. The shorts call the shots.
24h +1.7%, high $87.86 low $84.64. CoinGecko’s #12 trending search—prices are rising, but the rise feels uneasy. Out of 60 4H candles, it’s still down 3.6%. I don’t buy this rebound even a drop.
Technicals: I’ve been watching it for three days. Every time it hits around $88, it loses steam, and volume can’t keep up. Classic dead-cat bounce, not a reversal. I’m bearish on this, but I won’t chase short entries—I’ll wait for the story to play out.
The script is only two lines: Break below S1 $84.64, then we look at S2 $82.86. If it breaks, I’ll join the short and take one. But if it turns and truly stands above R1 $93.72 with real volume, then we’ll map the route toward R2 $94.88. I’ll admit I was wrong and get out.
Are you adding longs on this lukewarm bounce? Tell me your average price—I’ll see who’s trapped the deepest.
$HYPE #HYPE #Market analysis
24h +1.7%, high $87.86 low $84.64. CoinGecko’s #12 trending search—prices are rising, but the rise feels uneasy. Out of 60 4H candles, it’s still down 3.6%. I don’t buy this rebound even a drop.
Technicals: I’ve been watching it for three days. Every time it hits around $88, it loses steam, and volume can’t keep up. Classic dead-cat bounce, not a reversal. I’m bearish on this, but I won’t chase short entries—I’ll wait for the story to play out.
The script is only two lines: Break below S1 $84.64, then we look at S2 $82.86. If it breaks, I’ll join the short and take one. But if it turns and truly stands above R1 $93.72 with real volume, then we’ll map the route toward R2 $94.88. I’ll admit I was wrong and get out.
Are you adding longs on this lukewarm bounce? Tell me your average price—I’ll see who’s trapped the deepest.
$HYPE #HYPE #Market analysis