Current Dynamics
HYPE is experiencing a correction following resistance above the $30 level. Price action is moving downward, testing zones of imbalance and liquidity.
The ongoing correction is forming a structure conducive to future growth.
Liquidity zones between $22-23 are particularly important, offering potential opportunities for long entries. This range creates an attractive entry point for spot or futures positions. Establishing a strong base here would signal potential for upward momentum.
Resistance at $30-32 remains a critical barrier. A breakout above this level could lead to a push toward $40.
A confirmed breakout could accelerateHYPE toward $40.
Trading Strategy
Current price action offers clear opportunities for managing positions:
$22-23: Ideal for placing bids; watch for a stable base formation.
Use stop orders below key liquidity levels to manage downside risk.
Monitor for price holding above these levels, signaling readiness for a new upward impulse.
HYPE is experiencing a correction following resistance above the $30 level. Price action is moving downward, testing zones of imbalance and liquidity.The ongoing correction is forming a structure conducive to future growth.
Liquidity zones between $22-23 are particularly important, offering potential opportunities for long entries. This range creates an attractive entry point for spot or futures positions. Establishing a strong base here would signal potential for upward momentum.
Resistance at $30-32 remains a critical barrier. A breakout above this level could lead to a push toward $40.
A confirmed breakout could accelerate
HYPE toward $40.Trading Strategy
Current price action offers clear opportunities for managing positions:
$22-23: Ideal for placing bids; watch for a stable base formation.
Use stop orders below key liquidity levels to manage downside risk.
Monitor for price holding above these levels, signaling readiness for a new upward impulse.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.