🚨 $HYPE Trading Setup — Waiting for a Potential Bounce! 📈
$HYPE is currently trading around $79.62, down approximately 2.68% in the screenshot. The 1-minute chart shows strong selling pressure near the latest candles, so I’m watching for a possible reversal before entering.
📊 My HYPE Trading Plan
🟢 Entry Zone: $79.55–$79.70
🎯 Target 1: $79.88
🎯 Target 2: $80.05
🎯 Target 3: $80.20
🛑 Stop-Loss: $79.45
Technical Analysis:
* Price is near the lower Bollinger Band at $79.59, where a short-term bounce could develop.
* The middle Bollinger Band is around $79.86, which may act as resistance.
* Recent red candles indicate selling pressure is still strong.
* A recovery above $79.88 could improve the short-term outlook, while a break below $79.55 may lead to further downside.
💡 My Strategy: I’m watching the $79.55–$79.70 zone for signs of buying strength. I would prefer to see a bullish candle and confirmation before entering. If support breaks, I’ll avoid forcing the trade.
⚠️ This setup is based on a 1-minute chart and can change quickly. The levels are illustrative, not guaranteed. Always manage risk and do your own research.
What do you think? Will $HYPE bounce from this zone or continue lower? 👇
#HYPE #Hyperliquid #CryptoTrading #BinanceSquare #TradingSignal
$HYPE is currently trading around $79.62, down approximately 2.68% in the screenshot. The 1-minute chart shows strong selling pressure near the latest candles, so I’m watching for a possible reversal before entering.
📊 My HYPE Trading Plan
🟢 Entry Zone: $79.55–$79.70
🎯 Target 1: $79.88
🎯 Target 2: $80.05
🎯 Target 3: $80.20
🛑 Stop-Loss: $79.45
Technical Analysis:
* Price is near the lower Bollinger Band at $79.59, where a short-term bounce could develop.
* The middle Bollinger Band is around $79.86, which may act as resistance.
* Recent red candles indicate selling pressure is still strong.
* A recovery above $79.88 could improve the short-term outlook, while a break below $79.55 may lead to further downside.
💡 My Strategy: I’m watching the $79.55–$79.70 zone for signs of buying strength. I would prefer to see a bullish candle and confirmation before entering. If support breaks, I’ll avoid forcing the trade.
⚠️ This setup is based on a 1-minute chart and can change quickly. The levels are illustrative, not guaranteed. Always manage risk and do your own research.
What do you think? Will $HYPE bounce from this zone or continue lower? 👇
#HYPE #Hyperliquid #CryptoTrading #BinanceSquare #TradingSignal