$HYPE lost $80—is the bears’ turn to take control? 🐻
$HYPE was rejected at $82 and slid to $78.89. Losing the $80 level suggests the bulls are losing ground, but I still want to wait for confirmation before entering a trade.
📉 SHORT setup awaiting confirmation:
Entry: $78.80–$79.30
TP1: $78.00
TP2: $77.20
TP3: $76.50
SL: Above $80.20
If $HYPE decisively breaks below $78.80, selling pressure could push the price even lower. Conversely, if the price quickly reclaims $80, the bearish scenario will weaken.
I prefer to wait for a clear signal rather than FOMO in after a sharp drop.
What do you think: will HYPE fall to $76.50 or bounce back above $80? 👇
$HYPE was rejected at $82 and slid to $78.89. Losing the $80 level suggests the bulls are losing ground, but I still want to wait for confirmation before entering a trade.
📉 SHORT setup awaiting confirmation:
Entry: $78.80–$79.30
TP1: $78.00
TP2: $77.20
TP3: $76.50
SL: Above $80.20
If $HYPE decisively breaks below $78.80, selling pressure could push the price even lower. Conversely, if the price quickly reclaims $80, the bearish scenario will weaken.
I prefer to wait for a clear signal rather than FOMO in after a sharp drop.
What do you think: will HYPE fall to $76.50 or bounce back above $80? 👇