$HYPE: Open Interest Drops Rapidly: Long Squeeze Underway
SHORT SETUP HYPE
Entry: $87.3000 - $87.4000
Stop Loss: $90.4100
Take Profit: $81.2300 (2R)
Key Levels: Support $87.1700 | Resistance $91.3400
Technical Analysis for $HYPE: Price sits below EMA9200 and MACD stays negative, confirming a bearish trend. RSI at 26.5 and stochastic under 5 suggest oversold conditions but the strong ADX (~52) signals the move is still firm. Risk comes if price rebounds toward the 87.17 support. Watch for a break above 88.3 as a reversal cue.
Market Context: BTC is in a bearish 4hour trend, down 2.5% on the day, with market breadth broadly negative.
SHORT $HYPE
SHORT SETUP HYPE
Entry: $87.3000 - $87.4000
Stop Loss: $90.4100
Take Profit: $81.2300 (2R)
Key Levels: Support $87.1700 | Resistance $91.3400
Technical Analysis for $HYPE: Price sits below EMA9200 and MACD stays negative, confirming a bearish trend. RSI at 26.5 and stochastic under 5 suggest oversold conditions but the strong ADX (~52) signals the move is still firm. Risk comes if price rebounds toward the 87.17 support. Watch for a break above 88.3 as a reversal cue.
Market Context: BTC is in a bearish 4hour trend, down 2.5% on the day, with market breadth broadly negative.
SHORT $HYPE
