$HYPE: WAIT - price sits below the 75.35 ceiling, no rejection yet.
What happened: price bounced from 69.55 to 75.35 then faded to 73.17. Bitcoin keeps making new lows near 68k, so rallies are for selling.
Entry: 75.20 only if price taps 75.05-75.35 and an hour candle closes back under 75.00.
Stop loss: 76.33, about 1.5 pct above entry.
Target 1: 72.45, gives 1.9 times the risk. Target 2: 69.55, gives 4.0 times the risk.
Avoid longs, buying into the ceiling with weak Bitcoin gets cut here.
What cancels the idea: an hour candle closes above 76.35, buyers took the ceiling.
#write2earn #trade #tradesetup
Reply with your coin you want analysis on.
What happened: price bounced from 69.55 to 75.35 then faded to 73.17. Bitcoin keeps making new lows near 68k, so rallies are for selling.
Entry: 75.20 only if price taps 75.05-75.35 and an hour candle closes back under 75.00.
Stop loss: 76.33, about 1.5 pct above entry.
Target 1: 72.45, gives 1.9 times the risk. Target 2: 69.55, gives 4.0 times the risk.
Avoid longs, buying into the ceiling with weak Bitcoin gets cut here.
What cancels the idea: an hour candle closes above 76.35, buyers took the ceiling.
#write2earn #trade #tradesetup
Reply with your coin you want analysis on.
