Guys, I've been trading $HYPE for more than 7-8 months now, and it has mostly made me profit 🔻
I'm opening a short on $HYPE here
TP: 85-84
Invalidation: 89
The structure is very clearly bearish now. For some time it was bullish, but price is slowly pushing down and clearing that momentum.
It is also getting rejected from a resistance zone, where price ranged very hard. When price struggles that much at a level and then starts moving away from it, I take it as a sign that sellers are taking over.
That is my view of the chart, and the invalidation level is there in case I'm wrong ❗️
Have you traded $HYPE before? Tell me in the comments 👇🏻
I'm opening a short on $HYPE here
TP: 85-84
Invalidation: 89
The structure is very clearly bearish now. For some time it was bullish, but price is slowly pushing down and clearing that momentum.
It is also getting rejected from a resistance zone, where price ranged very hard. When price struggles that much at a level and then starts moving away from it, I take it as a sign that sellers are taking over.
That is my view of the chart, and the invalidation level is there in case I'm wrong ❗️
Have you traded $HYPE before? Tell me in the comments 👇🏻
