$HYPE (XAG) Analysis: Bearish Continuation Loading?

The price action on $HYPE ($XAG ) remains decisively heavy. After a massive capitulation drop from the 104 level down to 76.5, the bulls have failed to stage a meaningful recovery.

🔍 Key Technical Observations:

Trend Dominance: The macro trend is firmly bearish. The recent sell-off confirmed strong downside momentum, leaving a trail of "trapped" buyers at higher levels.

Corrective Sideways Action: The current "base" appearing near the lows looks weak. Price is struggling to trade below both the EMA25 and EMA99, suggesting this is a bearish pennant or distribution phase rather than a trend reversal.

The "Relief Rally" Trap: Until the price breaks and holds above the 90.0 resistance, any upward move should be viewed as a "dead cat bounce" or a liquidity grab for further shorts.

🎯 Trade Setup (Short Bias)

Selling the rallies offers a much higher probability than "bottom-fishing" for longs in this environment.

Entry Zone: 87.5 – 90.0 (Wait for a retest of the supply zone)

Take Profit 1: 83.0

Take Profit 2: 79.5

Take Profit 3: 76.0 (Previous Support/Lower Target)

Stop Loss: 97.5 (Invalidation above the recent swing high)

Strategy: Patiently wait for the price to climb into the entry zone. Look for bearish rejection candles on lower timeframes before executing.

#HYPE #xagusdt #CryptoTradingTip #bearish #TechnicalAnalysis #Binance