$HYPE has fallen below the 80 level. From here, there are two possible scenarios:
① If it rebounds to 80 but fails to reclaim it, the level becomes resistance, with the 24h low of 79.56 as the next downside target.
② If it quickly reclaims 80, this looks more like a false breakdown, and short positions could instead get squeezed.
I’m paying closer attention to the buying support on the first rebound.
① If it rebounds to 80 but fails to reclaim it, the level becomes resistance, with the 24h low of 79.56 as the next downside target.
② If it quickly reclaims 80, this looks more like a false breakdown, and short positions could instead get squeezed.
I’m paying closer attention to the buying support on the first rebound.