$HYPER
Shows strength - Is a breakout confirmation happening?
The $HYPER/USDT pair is currently settling at $0.1466, strongly consolidating after bouncing from its low of $0.1329. With bulls defending the front and trading volume gradually increasing, the situation seems poised for a breakout - if buyers continue.
Key levels to watch:
• Resistance Area: $0.1480 - $0.1492
A clear breakout above this range could trigger momentum towards new local highs.
• Support Area: $0.1440 - $0.1450
Losing this range could prompt a retest of the $0.1400 area.
Trading Setup - Building a Breakout
Bullish Entry: Above $0.1480
• First Profit Target: $0.1510
• Second Profit Target: $0.1555
Bearish Entry: Below $0.1440
• First Profit Target: $0.1400
• Second Profit Target: $0.1355
Stop Loss: For long trades, below $0.1440; for short trades, above $0.1485
With 69.38% buying dominance in the order book, it's clear that buyers are leaning towards buying. Watch for confirmation of trading volume above $0.1480 to capitalize on the breakout wave!