$HYPE /USDT — A downward collapse on the way
The daily, 4H, and 1H charts are all aligned with the decline, and the price is trading below the major moving averages.
The RSI on 1H is in the strong oversold area at 30.4, confirming the strong downward momentum.
Breaking the last hourly low is the signal for the continuation of the downward trend.
Sell setup
Entry: 27.435614 – 27.678384
TP1: 26.828687
TP2: 26.585918
TP3: 26.100378
SL: 28.285321
The structure is weakening across all time frames.
A collapse here opens the way for the next drop.
HYPEUSDT
Perp
27.51
-6.03%