$HYPE: Major Support Breakdown Confirmed on $HYPE Higher Timeframes
SHORT SETUP HYPE
Entry: $83.7000 - $83.8000
Stop Loss: $86.8000
Take Profit: $77.6500 (2R)
Key Levels: Support $82.6800 | Resistance $86.4000
Technical Analysis for $HYPE: Short bias dominates: price sits below EMA9200, MACD is under its signal, and ADX 50 confirms a strong downtrend. RSI and Stochastic are near oversold, but the bearish structure remains intact. Target is 77.6 USDT (2R) with SL at 86.8 USDT. Watch 86.4 USDT resistance; a break above invalidates the short overall position.
Market Context: BTC shows a bearish 4hour trend while the daily picture is mixed; overall market breadth is broadly negative with 85.6 % red
SHORT $HYPE
SHORT SETUP HYPE
Entry: $83.7000 - $83.8000
Stop Loss: $86.8000
Take Profit: $77.6500 (2R)
Key Levels: Support $82.6800 | Resistance $86.4000
Technical Analysis for $HYPE: Short bias dominates: price sits below EMA9200, MACD is under its signal, and ADX 50 confirms a strong downtrend. RSI and Stochastic are near oversold, but the bearish structure remains intact. Target is 77.6 USDT (2R) with SL at 86.8 USDT. Watch 86.4 USDT resistance; a break above invalidates the short overall position.
Market Context: BTC shows a bearish 4hour trend while the daily picture is mixed; overall market breadth is broadly negative with 85.6 % red
SHORT $HYPE