🔥$HYPE

HYPEUSDT

Perp

24.35

-9.34%

The daily and 4-hour charts both show a strong bearish trend, with prices below all key exponential moving averages (EMA). The 1-hour chart also reflects this weakness. Currently, momentum is accelerating, and the 1-hour relative strength index (RSI) has severely oversold at 31.1, indicating strong selling pressure. If the 15-minute RSI rebound fails to break below 50, it may trigger a short entry, with the target at the next support level. Go with the trend – sell on rallies. Current trade setup (short) Entry point: market price 23.916212 – 24.157788 Take profit 1: 23.312271 Take profit 2: 23.070694 Take profit 3: 22.587541 Stop loss: 24.761729