$HYPER WILL IT CONTINUE TO DROP? OR WILL IT STOP? ๐ง
In my previous analysis, we predicted the correction. The only big problem is that I thought it was going to be a less aggressive correction. Why did this happen? Well, the market's volatility and unpredictability are constant, even so, it seems that many buyers have secured profits, which is the safest course of action.
What do I do? Sell, hold, or buy?
Well, seeing how bearish the market is, the best thing to do is abstain if you haven't bought. If you bought at the high and didn't sell, set a stop loss to minimize losses. Remember, don't commit more than 2% of your capital.
What are the Key Levels?
There is clear support around $0.4654 (24-hour low). The $0.5190 area (current price) is a level that has been tested several times, acting as both support and resistance. The most recent peak was around $0.6899, from which the price has fallen dramatically.
Stop Loss: $0.4900 - $0.4950
In short: if you bought at the top and are losing more than 2% of your capital, sell; if you bought at 0.4 plr, hold; and if you want to buy, wait for the main support to be confirmed.
IS EVERYTHING BAD?
Well, as I always say, as long as the volume stays high, there's still a chance it could be bullish. Follow me so you don't miss out on updates, and I'll let you know when to invest.
Obviously, remember that you should always have your strategy and your income first, if all of these fit yours, then do what I put in the analysis or not, it depends on you.
Btw $SEI keep on the rally to the 0,36 barrer we hope