$HYPE Update: 31% Drop Exactly As Expected:
A few days ago I shared that $70+ looked like a high-risk zone and that I was watching for a deeper correction.
Today,
#HYPE is trading around $53, down nearly 31% from the $77 high.
Hope you didn't get trapped buying the top. Even if you didn't short, simply avoiding longs above $70 has already saved your capital.
My view hasn't changed:
I'm still expecting a move into the 0.5-0.618 Fibonacci retracement zone between $40-$34. That's where I'll be watching closely for long-term accumulation opportunities.
If that demand zone holds, I still believe
$HYPE has the potential to revisit ATH and eventually target the $100-$150 range.
One Lesson I've Learned Over the Years:
🔹 Smart traders don't chase green candles.
🔹 They patiently buy quality assets at deep discounts.
And Remember... Never fall in love with A Coin.
If you miss one opportunity, another will always come. Protect your capital first, then wait for the market to reward your patience.
NFA & Always DYOR