💰 $HYPE / USDT
🔽 SHORT
✳️ Entry (DCA): 84.80, 85.65, 86.70
🎯 Targets: 83.25, 82, 80, 78, 75, 70
🔴 Stop Loss: 88
🀄️ Leverage: 20x
• The daily chart is showing a bearish breakdown! #Hyperliquid has lost its rising support trendline after facing rejection near the $90–92 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.
• 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 $88–90 region is now an important resistance zone, while the MA99 near $73.33 remains a deeper reference if the correction extends further.
• 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.
• 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.
• 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.
• #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 $84.80–$86.70 followed by rejection to confirm another leg down. The $78–75 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.
🔽 SHORT
✳️ Entry (DCA): 84.80, 85.65, 86.70
🎯 Targets: 83.25, 82, 80, 78, 75, 70
🔴 Stop Loss: 88
🀄️ Leverage: 20x
• The daily chart is showing a bearish breakdown! #Hyperliquid has lost its rising support trendline after facing rejection near the $90–92 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.
• 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 $88–90 region is now an important resistance zone, while the MA99 near $73.33 remains a deeper reference if the correction extends further.
• 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.
• 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.
• 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.
• #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 $84.80–$86.70 followed by rejection to confirm another leg down. The $78–75 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.