🔥 HYPE/USDT at the bottom: are we catching a reversal or is it a trap?
Brief:
On the 1H HYPEUSDT, a downward impulse is maintained, however, indicators signal strong oversold conditions. The market may be close to a local bottom and preparing for a corrective bounce.
📊 Indicators (abbreviated)
RSI (6): 21.27 — deep oversold
MACD: −0.251 — selling pressure is weakening
Stochastic: 5.20 — extreme oversold zone
The combination of signals indicates a higher probability of a technical bounce.
🧭 Trading plan
Main scenario: Long (counter-trend, short-term)
🎯 Targets:
25.125 — +0.88%
25.500 — +2.39%
26.000 — +4.39%
📍 Entry:
Conservative: 24.950 (confirmation of the bounce)
Aggressive: 24.904 (current price)
🛑 Stop-loss: below 24.463 (local minimum)
✅ Conclusion
HYPE/USDT looks technically oversold. A long is possible as a speculative trade on the bounce with clear risk control. We proceed carefully, strictly following the stop — the trend is still downward.
Trading 👉$HYPE
