60.03. That was the print on $HYPE at 21:00 UTC yesterday, lowest it has traded since it listed on Binance spot in September.
That hour did 18.7M in volume, the heaviest of the whole dump. Looked like forced selling to me.
Bounce since then is decent, around 68.3 now, roughly 14% off the low.
But look where it stopped. Today's high was 69.05, right under the 69.5 to 70.6 zone that held as the floor from Nov 10 to Nov 13. Old floor, new ceiling.
For me an hourly close back above 70.6 puts it back inside the old range and the flush starts looking like a trap for shorts. If it rolls over here, 62.42 from this morning is the first thing I watch, then 60 again.
That hour did 18.7M in volume, the heaviest of the whole dump. Looked like forced selling to me.
Bounce since then is decent, around 68.3 now, roughly 14% off the low.
But look where it stopped. Today's high was 69.05, right under the 69.5 to 70.6 zone that held as the floor from Nov 10 to Nov 13. Old floor, new ceiling.
For me an hourly close back above 70.6 puts it back inside the old range and the flush starts looking like a trap for shorts. If it rolls over here, 62.42 from this morning is the first thing I watch, then 60 again.
