🚨 $HYPE rejected the peak and started distribution within the descending channel (4H)🔥👇
📊 Watch levels:
72.500 → 73.100
🎯 Downside targets:
TP1: 71.418
TP2: 70.410
TP3: 68.517
🛑 Scenario cancellation:
Close 1H above 75.500$ 🚨 (invalidating the distribution model and regaining bullish control)
🚨 Watch these levels on $HYPE /USDT 👇
📉 Technical analysis:
After hitting a local peak at 76.991$, the price failed to continue the upward movement and showed clear rejection at peak zones, leading to the formation of Lower Highs and a shift in structure from bullish to a distribution phase.
📉 This shift coincided with the appearance of consecutive red candlesticks reflecting institutional sellers entering at supply zones, gradually shifting liquidity from buying to selling.
⚠️ Supporting indicators clearly show a decline in momentum (Falling Momentum 📉) with a noticeable weakness in buying power, although the overall structure is still lagging in updating the trend (Lagging Bull Trend).
📊 RSI confirmed this weakness after breaking its downward average and exiting overbought regions, indicating the start of a real corrective wave.
Please follow up
$NVDAB
📊 Watch levels:
72.500 → 73.100
🎯 Downside targets:
TP1: 71.418
TP2: 70.410
TP3: 68.517
🛑 Scenario cancellation:
Close 1H above 75.500$ 🚨 (invalidating the distribution model and regaining bullish control)
🚨 Watch these levels on $HYPE /USDT 👇
📉 Technical analysis:
After hitting a local peak at 76.991$, the price failed to continue the upward movement and showed clear rejection at peak zones, leading to the formation of Lower Highs and a shift in structure from bullish to a distribution phase.
📉 This shift coincided with the appearance of consecutive red candlesticks reflecting institutional sellers entering at supply zones, gradually shifting liquidity from buying to selling.
⚠️ Supporting indicators clearly show a decline in momentum (Falling Momentum 📉) with a noticeable weakness in buying power, although the overall structure is still lagging in updating the trend (Lagging Bull Trend).
📊 RSI confirmed this weakness after breaking its downward average and exiting overbought regions, indicating the start of a real corrective wave.
Please follow up
$NVDAB