$HYPE Everyone is calling $HYPEUSDT dead after that drop from $97 to $70s, I think that is exactly when I start paying attention
Live Bybit: $77.464 -1.28% | H $78.525 L $76.722 | Turnover 10.37M
Look at the timeline. HYPE pumped to $97.087, then got slammed down to $76.722. People panicked and sold at the bottom. That is how every big drop works, weak hands sell to patient hands.
For me the whole story is sitting on one number right now, $77.46. Price is sitting right on it at $77.397. If this holds, buyers have a base to build from. If we lose it and cannot get it back, my bullish idea is dead for now and $74.41 low comes back into play.
Why I am still watching it. On 4h chart RSI is 36.81, 36.41 and 40.36. That is oversold, sellers are tired. MACD is starting to turn, DIF -1.555, DEA -1.673, histogram +0.118 green. That is the first hint momentum is trying to flip. Chart already gave a small reaction from the bottom and now it is trying to make a base.
What I need to see next is very simple. Buyers have to actually soak up the selling, then we need a clear higher low on 4h, then a break above near resistance with volume growing. And the big one is reclaiming the 200 EMA at $82.72. Without that, any bounce is just a bounce.
If that happens with real volume, my two levels are $81.82 and $86.02. From $77.46 that is roughly 5.6% and 11% up. I am not calling these guaranteed, HYPE is volatile and market is choppy. It needs its own real buying to push above $82.72. A sharp move can come either way.
My plan, I am not buying $77.39 in the middle. I want a confirmed higher low on 4h, break above resistance, volume expanding. Then I enter. Stop goes strictly below the confirmed structure, not in the middle. Position size small, risk 1 to 2% only. If $77.46 breaks and closes below, I am out, no ego.
Be honest, do you think $77.46 holds and we bounce to $81.82, or does it break to $74.41?
Comment HOLD if you think $77.46 holds, BREAK if you think $74.41 comes.
Tap to trade 👉 $HYPE
#hype #HYPE
Live Bybit: $77.464 -1.28% | H $78.525 L $76.722 | Turnover 10.37M
Look at the timeline. HYPE pumped to $97.087, then got slammed down to $76.722. People panicked and sold at the bottom. That is how every big drop works, weak hands sell to patient hands.
For me the whole story is sitting on one number right now, $77.46. Price is sitting right on it at $77.397. If this holds, buyers have a base to build from. If we lose it and cannot get it back, my bullish idea is dead for now and $74.41 low comes back into play.
Why I am still watching it. On 4h chart RSI is 36.81, 36.41 and 40.36. That is oversold, sellers are tired. MACD is starting to turn, DIF -1.555, DEA -1.673, histogram +0.118 green. That is the first hint momentum is trying to flip. Chart already gave a small reaction from the bottom and now it is trying to make a base.
What I need to see next is very simple. Buyers have to actually soak up the selling, then we need a clear higher low on 4h, then a break above near resistance with volume growing. And the big one is reclaiming the 200 EMA at $82.72. Without that, any bounce is just a bounce.
If that happens with real volume, my two levels are $81.82 and $86.02. From $77.46 that is roughly 5.6% and 11% up. I am not calling these guaranteed, HYPE is volatile and market is choppy. It needs its own real buying to push above $82.72. A sharp move can come either way.
My plan, I am not buying $77.39 in the middle. I want a confirmed higher low on 4h, break above resistance, volume expanding. Then I enter. Stop goes strictly below the confirmed structure, not in the middle. Position size small, risk 1 to 2% only. If $77.46 breaks and closes below, I am out, no ego.
Be honest, do you think $77.46 holds and we bounce to $81.82, or does it break to $74.41?
Comment HOLD if you think $77.46 holds, BREAK if you think $74.41 comes.
Tap to trade 👉 $HYPE
#hype #HYPE
