๐ฐ $HYPE / USDT
๐ฝ SHORT
โณ๏ธ Entry (DCA): 84.80, 85.65, 86.70
๐ฏ Targets: 83.25, 82, 80, 78, 75, 70
๐ด Stop Loss: 88
๐๏ธ Leverage: 20x
โข The daily chart is showing a bearish breakdown! #Hyperliquid has lost its rising support trendline after facing rejection near the $90โ92 region. Price is trading around $84, with sellers taking control of the short-term structure. The breakdown opens the door for further downside unless bulls manage to reclaim the lost trendline.
โข Moving averages are adding pressure. The daily MA7 is around $88.21, while the MA25 sits near $89.75. Price is trading below both, highlighting short-term weakness. The $88โ90 region is now an important resistance zone, while the MA99 near $73.33 remains a deeper reference if the correction extends further.
โข MACD is turning bearish again. The MACD line has slipped below the signal line, with the histogram in negative territory. This supports the downside continuation scenario, although a strong recovery above the broken trendline could weaken the bearish setup.
โข RSI shows fading momentum. RSI(7) is around 33.6, RSI(14) near 44 and RSI(21) around 48.6. Short-term momentum is weak, and the faster RSI is approaching oversold territory. That means a relief bounce is possible, so patience with the entry zone matters.
โข Watch the downside levels carefully. A move below $83.25 could open the way toward $82 and $80. If selling pressure accelerates, $78 and $75 become the next downside zones, with $70 as an extended target if the broader correction deepens. Each level can trigger a bounce, so watch how price reacts along the way.
โข #HYPE has lost its rising trendline, and the daily chart is showing signs of a short-term bearish reversal. I'm watching for a bounce into $84.80โ$86.70 followed by rejection to confirm another leg down. The $78โ75 zone is an important intermediate target area, while $70 remains the extended downside objective. A relief rally is still possible, especially with short-term RSI already weak.
๐ฝ SHORT
โณ๏ธ Entry (DCA): 84.80, 85.65, 86.70
๐ฏ Targets: 83.25, 82, 80, 78, 75, 70
๐ด Stop Loss: 88
๐๏ธ Leverage: 20x
โข The daily chart is showing a bearish breakdown! #Hyperliquid has lost its rising support trendline after facing rejection near the $90โ92 region. Price is trading around $84, with sellers taking control of the short-term structure. The breakdown opens the door for further downside unless bulls manage to reclaim the lost trendline.
โข Moving averages are adding pressure. The daily MA7 is around $88.21, while the MA25 sits near $89.75. Price is trading below both, highlighting short-term weakness. The $88โ90 region is now an important resistance zone, while the MA99 near $73.33 remains a deeper reference if the correction extends further.
โข MACD is turning bearish again. The MACD line has slipped below the signal line, with the histogram in negative territory. This supports the downside continuation scenario, although a strong recovery above the broken trendline could weaken the bearish setup.
โข RSI shows fading momentum. RSI(7) is around 33.6, RSI(14) near 44 and RSI(21) around 48.6. Short-term momentum is weak, and the faster RSI is approaching oversold territory. That means a relief bounce is possible, so patience with the entry zone matters.
โข Watch the downside levels carefully. A move below $83.25 could open the way toward $82 and $80. If selling pressure accelerates, $78 and $75 become the next downside zones, with $70 as an extended target if the broader correction deepens. Each level can trigger a bounce, so watch how price reacts along the way.
โข #HYPE has lost its rising trendline, and the daily chart is showing signs of a short-term bearish reversal. I'm watching for a bounce into $84.80โ$86.70 followed by rejection to confirm another leg down. The $78โ75 zone is an important intermediate target area, while $70 remains the extended downside objective. A relief rally is still possible, especially with short-term RSI already weak.