๐ $HYPE (HYPEUSDT) โ ๐ด SHORT
๐ฐ Current price: 72.380 USDT (24h: -4.46% | Vol 24h: 43.37M USDT)
๐ฏ Entry (Entry zone): 72.380 - 72.670
โ TP1 (Take profit 1): 69.123
โ TP2 (Take profit 2): 66.517
๐ SL (Stop loss): 73.972
๐ Technical analysis: On the 4H timeframe, the price is trading below EMA7 at 73.384, while RSI(14) at 33 indicates that bearish momentum remains dominant following the correction. The 24h low of 70.420 is nearby support, while nearby resistance at 76.780 is still quite far away. The 24h trading volume of around 43.37M USDT, together with the 4.46% decline, reflects persistent selling pressure. The entry zone is close to the current price; prioritize taking profits gradually at support and cut losses if the price recovers above EMA7.
โ ๏ธ Disclaimer: This analysis is for reference only and is not investment advice. Do your own research (DYOR) and manage your capital carefully before trading.
๐ฐ Current price: 72.380 USDT (24h: -4.46% | Vol 24h: 43.37M USDT)
๐ฏ Entry (Entry zone): 72.380 - 72.670
โ TP1 (Take profit 1): 69.123
โ TP2 (Take profit 2): 66.517
๐ SL (Stop loss): 73.972
๐ Technical analysis: On the 4H timeframe, the price is trading below EMA7 at 73.384, while RSI(14) at 33 indicates that bearish momentum remains dominant following the correction. The 24h low of 70.420 is nearby support, while nearby resistance at 76.780 is still quite far away. The 24h trading volume of around 43.37M USDT, together with the 4.46% decline, reflects persistent selling pressure. The entry zone is close to the current price; prioritize taking profits gradually at support and cut losses if the price recovers above EMA7.
โ ๏ธ Disclaimer: This analysis is for reference only and is not investment advice. Do your own research (DYOR) and manage your capital carefully before trading.