💰 $HYPE / USDT
🔽 SHORT
✳️ Entry (DCA): 84.80, 85.65, 86.70
🎯 Targets: 83.25, 82, 80, 78, 75, 70
🔴 Stop Loss: 88
🀄️ Leverage: 20x
• The daily chart is showing a bearish breakdown! #Hyperliquid has lost its rising support trendline after facing rejection near the $90–92 region. Price is trading around $84, with sellers taking control of the short-term structure. The breakdown opens the door for further downside unless bulls manage to reclaim the lost trendline.
• The DCA zone is the key area to watch. I'm looking at $84.80, $85.65 and $86.70 for potential short entries. If price bounces into these levels and gets rejected, it could confirm that the broken trendline is now acting as resistance. Rather than chasing the drop, I'm watching for a relief bounce to provide a better entry.
• Moving averages are adding pressure. The daily MA7 is around $88.21, while the MA25 sits near $89.75. Price is trading below both, highlighting short-term weakness. The $88–90 region is now an important resistance zone, while the MA99 near $73.33 remains a deeper reference if the correction extends further.
• MACD is turning bearish again. The MACD line has slipped below the signal line, with the histogram in negative territory. This supports the downside continuation scenario, although a strong recovery above the broken trendline could weaken the bearish setup.
• RSI shows fading momentum. RSI(7) is around 33.6, RSI(14) near 44 and RSI(21) around 48.6. Short-term momentum is weak, and the faster RSI is approaching oversold territory. That means a relief bounce is possible, so patience with the entry zone matters.
🔽 SHORT
✳️ Entry (DCA): 84.80, 85.65, 86.70
🎯 Targets: 83.25, 82, 80, 78, 75, 70
🔴 Stop Loss: 88
🀄️ Leverage: 20x
• The daily chart is showing a bearish breakdown! #Hyperliquid has lost its rising support trendline after facing rejection near the $90–92 region. Price is trading around $84, with sellers taking control of the short-term structure. The breakdown opens the door for further downside unless bulls manage to reclaim the lost trendline.
• The DCA zone is the key area to watch. I'm looking at $84.80, $85.65 and $86.70 for potential short entries. If price bounces into these levels and gets rejected, it could confirm that the broken trendline is now acting as resistance. Rather than chasing the drop, I'm watching for a relief bounce to provide a better entry.
• Moving averages are adding pressure. The daily MA7 is around $88.21, while the MA25 sits near $89.75. Price is trading below both, highlighting short-term weakness. The $88–90 region is now an important resistance zone, while the MA99 near $73.33 remains a deeper reference if the correction extends further.
• MACD is turning bearish again. The MACD line has slipped below the signal line, with the histogram in negative territory. This supports the downside continuation scenario, although a strong recovery above the broken trendline could weaken the bearish setup.
• RSI shows fading momentum. RSI(7) is around 33.6, RSI(14) near 44 and RSI(21) around 48.6. Short-term momentum is weak, and the faster RSI is approaching oversold territory. That means a relief bounce is possible, so patience with the entry zone matters.