$HYPE #HYPE 📉
Direction: SHORT
Entry zone: 77.12 to 77.42
Stop loss: 78.43
Target 1: 75.72
Target 2: 74.57
Hyperliquid is trading near 77.27 dollars, down only 0.35 percent in 24 hours but down 12.01 percent over 7 days, inside a range of 76.69 to 78.04 dollars, and the recent closes show a slow grind lower, 77.45, then 77.48, then 77.76, then 77.49, then 77.27. 🔴 My reading is that HYPE is heavy while the market is in fear, because it lost 12 percent this week on 443.5 million dollars of volume and is now sitting right on its range low, with no momentum to save it this evening. A short from the current zone, with a stop above 78.43, targets 75.72 first and then 74.57 if sellers push through the range low. A rise above 78.43 kills the idea without debate.
Futures trading is risky. Trade small, use a stop loss, and do your own research. This is my reading, not a guaranteed signal.
Does Hyperliquid fall to 75.72 first, or rise above 78.43? 🤔
Follow for more trades.
#Hyperliquid #Crypto #FuturesTrading #TradingSignals
Direction: SHORT
Entry zone: 77.12 to 77.42
Stop loss: 78.43
Target 1: 75.72
Target 2: 74.57
Hyperliquid is trading near 77.27 dollars, down only 0.35 percent in 24 hours but down 12.01 percent over 7 days, inside a range of 76.69 to 78.04 dollars, and the recent closes show a slow grind lower, 77.45, then 77.48, then 77.76, then 77.49, then 77.27. 🔴 My reading is that HYPE is heavy while the market is in fear, because it lost 12 percent this week on 443.5 million dollars of volume and is now sitting right on its range low, with no momentum to save it this evening. A short from the current zone, with a stop above 78.43, targets 75.72 first and then 74.57 if sellers push through the range low. A rise above 78.43 kills the idea without debate.
Futures trading is risky. Trade small, use a stop loss, and do your own research. This is my reading, not a guaranteed signal.
Does Hyperliquid fall to 75.72 first, or rise above 78.43? 🤔
Follow for more trades.
#Hyperliquid #Crypto #FuturesTrading #TradingSignals
