$HYPE 24-hour low, current price 86.57, previous low 86.591.
After a new low, three common scenarios:
① Rebounds to the previous low, then falls: the downtrend continues
② Churns around the previous low: consolidation; watch for direction
③ Quickly reclaims and holds above the previous low: a bear trap
Currently below the previous low, so first watch whether scenario ① or ② plays out.
#HYPE
For informational purposes only; this is not investment advice.
After a new low, three common scenarios:
① Rebounds to the previous low, then falls: the downtrend continues
② Churns around the previous low: consolidation; watch for direction
③ Quickly reclaims and holds above the previous low: a bear trap
Currently below the previous low, so first watch whether scenario ① or ② plays out.
#HYPE
For informational purposes only; this is not investment advice.