Brothers, I am Mig.
Just now a fan urgently asked me: “Mig, is $HYPE about to collapse? The death cross has appeared on the four-hour chart!”
When I looked at the chart and then at the news, goodness, the whales have been trapped with 12000000000 USD, this is getting interesting.
Let's not waste words, let's go directly to the chart to see the truth.
From the four-hour candlestick perspective, HYPE has clearly weakened: the MACD white and yellow lines have both fallen below the 0 axis, forming a death cross. This is not an adjustment; it's a signal of a trend reversal. The key resistance is at 33, and 37 is even more of a high-pressure zone. Is it possible to surge up now? The difficulty is immense.
What about below? 29.5 is short-term support, 28 is the lifeline of the bottom; breaking lower may trigger panic selling.
What does the giant whale's huge loss have to do with us retail investors? The connection is significant! This indicates that large funds are also misjudging, and market sentiment has turned. If even the whale is trapped, do you think you can easily escape? The news and technical indicators are resonating to look bearish; this is not a coincidence.
Many beginners get excited when they see 'the giant whale is trapped,' thinking, 'the big boss is bottom-fishing, so am I,' but often they end up buying halfway up the mountain. Remember this: the market never recognizes who you are; it only recognizes trends and signals.
So what should we do? Mig gives you three practical suggestions:
For those holding positions: If the rebound cannot break through around 33, it is recommended to reduce your position. Keep the green mountains, and you won't be afraid of not having firewood.
For those wanting to bottom fish: Don't rush! Wait for two signals: one is when the price drops to the 28-29.5 area and shows a decrease in volume with a stop in decline; the second is when MACD shows a bottom divergence or golden cross signal. Better to miss out than to make a mistake.
For those sitting on cash and watching: You are the smartest. Stay patient, wait for a clear trend before taking action, neither go long nor short, just be a 'slippery one.'
Every day I share this 'technical + news' combination analysis method in the village and chat room, and I will also remind you of key levels in advance. Like today's trend of HYPE, there were signs early on.
If you want to learn how to anticipate risks and seize opportunities, follow Mig, and calmly find the rhythm in the market; don't always be the last one to know the news.
