$HYPE The first psychological (Fibonacci) resistance level mentioned earlier:

⤴️ 68.5 has been hit

This so-called psychological resistance level, Fibonacci mysticism resistance level, is basically just a measure of pressure; after making a new high, we step away from technical pressure analysis.

Traders on the left side are super eager to short, and the three Fibonacci resistance levels above should be used as a reference. Don't get too hyped; enter in batches, and set your stop-loss within your risk tolerance (>78). Also, get ready to experience the left-side shorting (left-side shorting, prepare for 10 losses out of 9).

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