Looking at the 1H chart for $HYPE it seems that we are at a crucial crossroads. After a fairly impressive rally, HYPE is stuck right at the strong resistance area in the $37.5 - $38.0 range. Rejection at Local High: The $38.046 level proved to be a thick wall. There are several upper wicks indicating that selling pressure is beginning to dominate in this area.

Trading Plan :

Buy/Long

Entry : 37.410 - 37.685

TP1 : 36.220

TP2 : 35.880

TP3 : 34.950

SL : 38.150

$HYPE still has very strong fundamentals in the Hyperliquid ecosystem, but technically, a correction to the $36 area is a reasonable scenario to attract new liquidity.

Trade $HYPE 👇👇

HYPEUSDT

دائم

41.09

-5.70%