HYPE is currently set to target lower price levels on a higher timeframe (HTF), seeking out a demand zones where strong buying interest is expected.
On the 5-minute (M5) chart liquidity is building up, with Equal Highs forming. On the 15-minute (M15) chart, a supply zone is acting as resistance, likely pushing prices lower.
The likely outcome is that the price will move up to sweep liquidity on the M5, and then starts its move down triggering a Market Structure Shift (MSS). This shift would confirm the start of a broader downward move toward the HTF demand zone, where buyers may step in to support the price.
On the 5-minute (M5) chart liquidity is building up, with Equal Highs forming. On the 15-minute (M15) chart, a supply zone is acting as resistance, likely pushing prices lower.
The likely outcome is that the price will move up to sweep liquidity on the M5, and then starts its move down triggering a Market Structure Shift (MSS). This shift would confirm the start of a broader downward move toward the HTF demand zone, where buyers may step in to support the price.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.