• $HYPE USDT is currently trading around 25.97 after a strong rejection from the recent high near 38.48.
• Price structure on the daily timeframe shows lower highs, indicating continued selling pressure.
• The 25.50–26.00 zone is acting as immediate support and a key decision area.
• If this support holds, a short-term bounce toward 27.50 and 29.00 is possible.
• If price breaks below 25.50 with strong momentum, downside could extend toward 23.50 and 20.50.
• Overall structure favors sellers unless price reclaims 29.00 decisively.
Trade Setup:
• Short Idea:
Entry: Below 25.50
Targets: 23.50 – 21.00
Stop Loss: 27.20
Alternative Long (Confirmation Based):
Entry: Daily close above 29.00
Targets: 31.50 – 34.00
Stop Loss: 27.80
• Always manage risk and avoid over leveraging.
#TradeSignal #short #long #writetoearn