$HYPE — SELLING PRESSURE IS BUILDING
$HYPE faced strong rejection near $82 and has now pulled back toward $78.89. The loss of the $80 level puts buyers under pressure, and the next support zone could determine where price moves from here.
SHORT SETUP
Entry Zone: $78.80–$79.30
Take Profit 1: $78.00
Take Profit 2: $77.20
Take Profit 3: $76.50
Invalidation Level: $80.20
I'm watching the $78.80 level closely. A confirmed breakdown below this support could open the door for further downside toward $78.00, followed by $77.20 and potentially $76.50.
However, after such a sharp drop, a temporary rebound is also possible. A recovery above $80.20 would weaken this bearish setup.
For now, sellers appear to have the advantage, but confirmation is key before expecting another move lower.
Will HYPE continue its slide, or can buyers defend support and stage a recovery?
Keep $HYPE on watch.
$HYPE faced strong rejection near $82 and has now pulled back toward $78.89. The loss of the $80 level puts buyers under pressure, and the next support zone could determine where price moves from here.
SHORT SETUP
Entry Zone: $78.80–$79.30
Take Profit 1: $78.00
Take Profit 2: $77.20
Take Profit 3: $76.50
Invalidation Level: $80.20
I'm watching the $78.80 level closely. A confirmed breakdown below this support could open the door for further downside toward $78.00, followed by $77.20 and potentially $76.50.
However, after such a sharp drop, a temporary rebound is also possible. A recovery above $80.20 would weaken this bearish setup.
For now, sellers appear to have the advantage, but confirmation is key before expecting another move lower.
Will HYPE continue its slide, or can buyers defend support and stage a recovery?
Keep $HYPE on watch.