Technical analysis $HYPE for today
Cryptocurrency HYPE continues to move within a strong bearish trend, as confirmed by market structure and price behavior on both lower and higher timeframes. The current technical analysis of HYPE indicates ongoing selling pressure and a lack of reversal signs.
After an impulsive decline, the price made a corrective pullback to the supply zone (Supply Zone, S-POI), which created favorable conditions for entering a short position (Short) in the trend.
Trading signal HYPE (Short)
Asset: $HYPE
Trade type: Short / Sell
Entry point: 27.219
Stop-loss: 27.695
Take profit: 25.656
This trading signal for HYPE is aimed at short-term trading and is suitable for scalping and active intraday trading.
Why a short position on HYPE has a high probability of working out
The price reacts within the dominant scenario of extreme selling, and the current growth is purely corrective in nature. Key factors in favor of continued decline:
maintaining a bearish market structure;
rebound from the local supply zone (S-POI);
lack of confirmed demand from buyers;
high probability of price returning to the main demand zone on the higher time frame (HTF Order Block).
The approach used is based on the Smart Money concept, analyzing liquidity zones, and working in the direction of the main trend.
Scalping and short-term trading$HYPE
Currently, the scalping window is active, making this setup particularly attractive for traders working with a high frequency of trades. An aggressive entry allows extracting profit from the local imbalance between supply and demand.
Final forecast for HYPE
As long as the price remains below key resistance levels, the outlook for HYPE remains negative. If the current structure is maintained, the priority scenario remains further decline to the designated target.
Important: this analysis is not a financial recommendation. Use risk management and trade only within your strategy.
