Weekly Chart Analysis of HYPEUSDT
The weekly chart of HYPEUSDT reflects a critical phase where the price is consolidating within a key demand zone, suggesting potential for a bullish reversal. Below is the detailed analysis:
Key Observations:
Demand Zone: The price is currently hovering around the highlighted gray box, which represents a strong liquidity zone (LQ) between $12.426 and $14.246. This area has historically acted as support, and a bounce from here could signal a reversal.
Support Levels:
Immediate support lies at $12.426.
A deeper correction could test the $11.997 and $10.000 levels, which are marked as liquidity levels below the current zone.
Bullish Scenario:
If the price holds above the current demand zone, it could initiate a rounded bottom pattern (illustrated by the yellow curved line).
The first target (TP1) for this potential upside move is $26.825.
The second target (TP2), representing a more extended rally, is projected at $42.252.
Candlestick Structure: Recent weekly candles show indecision, but if buyers step in strongly, it could confirm bullish momentum.
Risk Management:
Traders should monitor for any breakdown below the $12.426 level, as it may invalidate the bullish setup and lead to further downside toward $10.000.
Conclusion:
HYPEUSDT shows promising signs of recovery from its demand zone, with upside targets at $26.825 and $42.252 in sight if bullish momentum builds. However, caution is advised until clear confirmation of reversal occurs.
This analysis provides a roadmap for both short-term and long-term traders to plan their entries and exits effectively.
[Current date: Thursday, March 27, 2025]
The weekly chart of HYPEUSDT reflects a critical phase where the price is consolidating within a key demand zone, suggesting potential for a bullish reversal. Below is the detailed analysis:
Key Observations:
Demand Zone: The price is currently hovering around the highlighted gray box, which represents a strong liquidity zone (LQ) between $12.426 and $14.246. This area has historically acted as support, and a bounce from here could signal a reversal.
Support Levels:
Immediate support lies at $12.426.
A deeper correction could test the $11.997 and $10.000 levels, which are marked as liquidity levels below the current zone.
Bullish Scenario:
If the price holds above the current demand zone, it could initiate a rounded bottom pattern (illustrated by the yellow curved line).
The first target (TP1) for this potential upside move is $26.825.
The second target (TP2), representing a more extended rally, is projected at $42.252.
Candlestick Structure: Recent weekly candles show indecision, but if buyers step in strongly, it could confirm bullish momentum.
Risk Management:
Traders should monitor for any breakdown below the $12.426 level, as it may invalidate the bullish setup and lead to further downside toward $10.000.
Conclusion:
HYPEUSDT shows promising signs of recovery from its demand zone, with upside targets at $26.825 and $42.252 in sight if bullish momentum builds. However, caution is advised until clear confirmation of reversal occurs.
This analysis provides a roadmap for both short-term and long-term traders to plan their entries and exits effectively.
[Current date: Thursday, March 27, 2025]
บันทึก
Nice reaction to the weekly zone!บันทึก
So Nice Analysis!
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คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมที่ ข้อกำหนดการใช้งาน