Analysis $HYPE | Market Structure & Liquidity / Trading strategy. Smart risk 馃嚭馃嚘
Joined December 2023
- Tweets2K
- Following227
- Followers1.7K
- Likes1K
It looks nice, doesn鈥檛 it? hyperliquid:native
I鈥檓 looking at $HYPE now and the potential bottom.
The level is definitely interesting, but it鈥檚 important to understand that for now we鈥檙e just interacting with the weekly fractal around 29.35$.
Liquidity has been taken from it, but that alone doesn鈥檛 confirm anything yet.
If the week had closed green, meaning above the opening level, roughly above 29.7$, then we could talk about a more confident local reversal.
The first serious problematic zone above is 31.50$. If the market can break through it and hold, then we could really start considering the scenario that this was a local bottom.
But I would still give the price one more week to see confirmation.
If things develop favorably, the logical upside target is around 38$ this is the nearest significant area above where the market could return during a normal recovery structure.
That鈥檚 roughly how I see the situation right now.
For now, I am not even looking at the daily, because I think the higher timeframe context matters much more here.
n my view, Bitcoin has established a trading range, with the midpoint sitting around $93,000. The most important upside trigger for me right now is the $97,000 to $98,000 zone.
That is the key area where the whole conversation changes.
