$HYPE

๐Ÿ“‰ Overall Trend:

Current Price: 34.472 USDT

Down by -5.89%

Short to mid-term trend is still bearish:

MA(7) < MA(25) < MA(99)

Price is trading below all major moving averages

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๐Ÿ” Technical Indicators:

1. MACD:

MACD: -0.044, still below 0

DIF & DEA both negative โ†’ no strong bullish crossover yet

2. RSI (6):

RSI: 51.81 โ†’ Neutral, leaning slightly bullish

Suggests possible short-term rebound

3. Stochastic RSI:

Value: 40.83 (still relatively low)

Not in overbought zone โ†’ upside potential exists

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๐Ÿ“Š Volume:

Spiked as price touched support at 32.900 โ†’ could indicate accumulation or minor reversal

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๐Ÿ’ก Conclusion & Basic Trade Plan:

๐Ÿ“ˆ Bullish Scenario (Short-Term Rebound):

Entry: Around 34.4โ€“34.6

Take Profit 1 (TP1): 35.5 (near MA25)

Take Profit 2 (TP2): 36.5โ€“37.0 (minor resistance area)

Stop Loss (SL): Below 32.8 (previous low)

๐Ÿ“‰ Bearish Scenario (Breakdown):

If price breaks below 32.900 โ†’ next target could be around 31.500 or lower

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If you're planning a swing trade:

Monitor price reaction around MA25 and MA99

Wait for a clear bullish candle with volume confirmation before entering