ℹ️ Binance is bringing another 75x leverage opportunity, but things aren't looking that positive for both coins right now. 👀
Starting November 11, Binance is introducing ($HYPE )HYPEUSDC and ($TRX )TRXUSDC perpetual contracts with up to 75x leverage. But will this bring a real recovery or create more trouble?
HYPE looks more vulnerable at the moment. It's already down around 14.7% in a week and selling pressure is still visible. Interestingly, the Long/Short ratio is around 2.62, showing heavy positioning on the long side. ⚠️
If buyers fail to defend the current levels, another price drop could trigger long liquidations. With 75x leverage available, even a small move against traders can cause serious losses. A liquidation chain could make the decline even faster.
TRX is a different story. It's moving sideways around $0.31–$0.35 without any strong breakout signal. RSI near 60 suggests buyers still have some strength, but a proper volume increase is needed.
My view? HYPE could face more volatility and downside risk, while TRX may continue ranging. A breakout or breakdown will decide the next move. 📉
#HYPE #TRX
Starting November 11, Binance is introducing ($HYPE )HYPEUSDC and ($TRX )TRXUSDC perpetual contracts with up to 75x leverage. But will this bring a real recovery or create more trouble?
HYPE looks more vulnerable at the moment. It's already down around 14.7% in a week and selling pressure is still visible. Interestingly, the Long/Short ratio is around 2.62, showing heavy positioning on the long side. ⚠️
If buyers fail to defend the current levels, another price drop could trigger long liquidations. With 75x leverage available, even a small move against traders can cause serious losses. A liquidation chain could make the decline even faster.
TRX is a different story. It's moving sideways around $0.31–$0.35 without any strong breakout signal. RSI near 60 suggests buyers still have some strength, but a proper volume increase is needed.
My view? HYPE could face more volatility and downside risk, while TRX may continue ranging. A breakout or breakdown will decide the next move. 📉
#HYPE #TRX
