$HYPER
/USDT Technical Analysis: Bullish Reversal Potential
The HYPER/USDT chart on the 5-minute timeframe shows signs of a potential bullish reversal. Following a recent dip, the price appears to be forming a "W-bottom" or double bottom pattern, suggesting buying interest at lower levels.
* Entry Level: Consider an entry around $0.1115 - $0.1120 upon confirmation of a breakout above the immediate resistance.
* Target: Initial target is $0.1143 (24h high), with a potential extension to $0.1155 - $0.1160.
* Stop Loss: Place a strict stop loss at $0.1095 to manage downside risk.
Market Outlook: The pattern indicates a likely bullish next move for HYPER/USDT in the short term. However, given the 5-minute timeframe, rapid changes in sentiment are possible.
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