【Zuozuo’s Trade Setup】The market is rising, but HYPE has broken down. Should you go short? 📉
Tonight, BTC is at 80,300 (+2.1%) and ETH is up 3.6%, while HYPE is down 5.7% over 24H, currently at 82.3.
Since the high of 88.90 at 23:00 on 11/4, each rebound peak has been lower. At 18:00, it broke below the 11/2–11/3 lows of 82.86 / 82.59, reaching a low of 82.01.
📌 Trade idea #21: Short HYPE
Entry: 82.2–82.5 (near the current price to avoid missing the fill again)
Stop-loss: 83.6 (above the 18:00 rebound high of 83.53)
TP1: 81.05 (above the 11/4 low of 81.01)
TP2: 79.6 (above the 10/28 low of 79.55)
Reason: It made a new low while the broader market rebounded, showing clear relative weakness. The previous low has turned from support into resistance.
Invalidation condition: 1H close back above 83.2
The ETH long from trade idea #20 is still open. Track record: 7W-10L. A public review is posted for every trade.
These are only my personal views. Please manage your position size and risk accordingly.
Do you think HYPE will first catch up on the downside to 81, or rebound along with the broader market? 👇
#HYPE #Hyperliquid #左左观点单 #加密市场
$HYPE
Tonight, BTC is at 80,300 (+2.1%) and ETH is up 3.6%, while HYPE is down 5.7% over 24H, currently at 82.3.
Since the high of 88.90 at 23:00 on 11/4, each rebound peak has been lower. At 18:00, it broke below the 11/2–11/3 lows of 82.86 / 82.59, reaching a low of 82.01.
📌 Trade idea #21: Short HYPE
Entry: 82.2–82.5 (near the current price to avoid missing the fill again)
Stop-loss: 83.6 (above the 18:00 rebound high of 83.53)
TP1: 81.05 (above the 11/4 low of 81.01)
TP2: 79.6 (above the 10/28 low of 79.55)
Reason: It made a new low while the broader market rebounded, showing clear relative weakness. The previous low has turned from support into resistance.
Invalidation condition: 1H close back above 83.2
The ETH long from trade idea #20 is still open. Track record: 7W-10L. A public review is posted for every trade.
These are only my personal views. Please manage your position size and risk accordingly.
Do you think HYPE will first catch up on the downside to 81, or rebound along with the broader market? 👇
#HYPE #Hyperliquid #左左观点单 #加密市场
$HYPE
