The AVA setup shared earlier played out as expected, and we’ve locked in solid gains on this move. There are often clear signals beneath the surface: on the 4-hour chart, rebound volume for $HYPE continues to fade, and each bounce is capped by the moving averages above. Structurally, this looks more like a pause in the downtrend than a bottom forming.
Price keeps testing the previous trendline. The longer it consolidates without breaking through, the more bullish patience wears thin. If key support below gives way, there’ll be room for the downtrend to continue. I’m inclined to enter short in the weak-rebound zone, looking to ride the move after a structural breakdown rather than trying to call the bottom.
🔴 Trade direction: Short
📍 Entry range: 79.99 – 77.99
🛑 Stop loss: 82.99
🎯 Take profit 1: 75.99
🎯 Take profit 2: 72.99
🎯 Take profit 3: 69.99
Take in the vastness of the mountains and seas; observe the market’s finer details.
Join Uncle Xiong and witness the market’s gains and losses.
#HYPE
Click below to trade 👇
Price keeps testing the previous trendline. The longer it consolidates without breaking through, the more bullish patience wears thin. If key support below gives way, there’ll be room for the downtrend to continue. I’m inclined to enter short in the weak-rebound zone, looking to ride the move after a structural breakdown rather than trying to call the bottom.
🔴 Trade direction: Short
📍 Entry range: 79.99 – 77.99
🛑 Stop loss: 82.99
🎯 Take profit 1: 75.99
🎯 Take profit 2: 72.99
🎯 Take profit 3: 69.99
Take in the vastness of the mountains and seas; observe the market’s finer details.
Join Uncle Xiong and witness the market’s gains and losses.
#HYPE
Click below to trade 👇