$HYPE A Potential Cup Recovery Meets Descending Resistance
Long Setup
Entry Zone: 77.00 – 78.00
Stop Loss: 75.00
TP1: 84.63
TP2: 89.36
TP3: 94.09
Market Analysis:
HYPE is showing an interesting recovery structure after a sharp correction from 97.74. On the 1H chart, price has formed a rounded recovery pattern, with the 76.25 demand area acting as an important base.
Currently trading around 77.78, buyers are attempting to regain momentum above the support zone. However, the descending purple trendline remains a major obstacle.
A confirmed breakout above this trendline could change the short-term market structure and create opportunities toward 84.63. If bullish momentum continues, the next resistance levels are 89.36 and 94.09.
Confirmation: A strong 1H candle close above descending resistance, supported by increasing volume.
Invalidation: A decisive breakdown below 76.25 would weaken the recovery setup.
The next major move may depend on how buyers react at descending trendline resistance. Wait for confirmation and manage risk carefully.
Long Setup
Entry Zone: 77.00 – 78.00
Stop Loss: 75.00
TP1: 84.63
TP2: 89.36
TP3: 94.09
Market Analysis:
HYPE is showing an interesting recovery structure after a sharp correction from 97.74. On the 1H chart, price has formed a rounded recovery pattern, with the 76.25 demand area acting as an important base.
Currently trading around 77.78, buyers are attempting to regain momentum above the support zone. However, the descending purple trendline remains a major obstacle.
A confirmed breakout above this trendline could change the short-term market structure and create opportunities toward 84.63. If bullish momentum continues, the next resistance levels are 89.36 and 94.09.
Confirmation: A strong 1H candle close above descending resistance, supported by increasing volume.
Invalidation: A decisive breakdown below 76.25 would weaken the recovery setup.
The next major move may depend on how buyers react at descending trendline resistance. Wait for confirmation and manage risk carefully.
