$HYPE #HYPE 📉
Direction: SHORT
Entry zone: 70.0 to 71.0
Stop loss: 72.5
Target 1: 68.5
Target 2: 66.5
Hyperliquid is trading near 70.55 dollars, down 3.0 percent in 24 hours, inside a range of 69.52 to 74.20 dollars, and the recent closes show it pinned near the low, 70.24, then 70.36, then 70.24, then 70.25, then 69.91. 🔴 My reading is that HYPE is rolling over at the bottom of its range, because five closes stuck around 70 dollars with the price sitting near the 24 hour low tells you buyers are not defending this level, and a weak Bitcoin near 71,806 dollars gives it no help. A short from the current zone, with a stop above 72.5, targets 68.5 first and then 66.5 if sellers break the range low. A move above the stop kills the idea without debate.
Futures trading is risky. Trade small, use a stop loss, and do your own research. This is my reading, not a guaranteed signal.
Does HYPE break 68.5 today, or reclaim 72.5 first? 🤔
Follow for more trades.
#Hyperliquid #Crypto #FuturesTrading #TradingSignals
Direction: SHORT
Entry zone: 70.0 to 71.0
Stop loss: 72.5
Target 1: 68.5
Target 2: 66.5
Hyperliquid is trading near 70.55 dollars, down 3.0 percent in 24 hours, inside a range of 69.52 to 74.20 dollars, and the recent closes show it pinned near the low, 70.24, then 70.36, then 70.24, then 70.25, then 69.91. 🔴 My reading is that HYPE is rolling over at the bottom of its range, because five closes stuck around 70 dollars with the price sitting near the 24 hour low tells you buyers are not defending this level, and a weak Bitcoin near 71,806 dollars gives it no help. A short from the current zone, with a stop above 72.5, targets 68.5 first and then 66.5 if sellers break the range low. A move above the stop kills the idea without debate.
Futures trading is risky. Trade small, use a stop loss, and do your own research. This is my reading, not a guaranteed signal.
Does HYPE break 68.5 today, or reclaim 72.5 first? 🤔
Follow for more trades.
#Hyperliquid #Crypto #FuturesTrading #TradingSignals
