Is $HYPE at $66.21 a breakdown or the flush before a reversal? 🤔
Down 8.75% today, with the last 4h down 9.2%. RSI is 33, price sits below both the 20d and 50d MAs, and longs are still paying funding. That’s not a clean setup.
Volume hit $56.15M, only 1.2x average. Even $XRP has shown stronger relative strength lately. I’d watch $66 closely, not chase it. ⚠️
Would you enter here or wait for a retest? 👀
#HYPE #Trading
Down 8.75% today, with the last 4h down 9.2%. RSI is 33, price sits below both the 20d and 50d MAs, and longs are still paying funding. That’s not a clean setup.
Volume hit $56.15M, only 1.2x average. Even $XRP has shown stronger relative strength lately. I’d watch $66 closely, not chase it. ⚠️
Would you enter here or wait for a retest? 👀
#HYPE #Trading