Zoomed out to the daily on $HYPE and honestly it's ugly.
That big Oct 29 candle that wicked to almost 98 is fully gone now. Every bit of it. Price is sitting around 73.5 and today it printed 72.49, which is below the late October low at 74.45. That was the floor I kept leaning on.
Both daily EMAs rolling over too, 20 already under the 50.
For me 72.5 is the line now. Lose that on a daily close and I don't really see much support until it finds a new base lower down.
If it gets back above 74.5 quick then this was just a sweep of the October lows. Real change only comes back over 78 to 79 where it chopped all of last week.
That big Oct 29 candle that wicked to almost 98 is fully gone now. Every bit of it. Price is sitting around 73.5 and today it printed 72.49, which is below the late October low at 74.45. That was the floor I kept leaning on.
Both daily EMAs rolling over too, 20 already under the 50.
For me 72.5 is the line now. Lose that on a daily close and I don't really see much support until it finds a new base lower down.
If it gets back above 74.5 quick then this was just a sweep of the October lows. Real change only comes back over 78 to 79 where it chopped all of last week.
