May 12 Midday HYPE Viewpoint: Large wedge break + multi-cycle resonance, decisively go short!



The daily chart shows a large wedge reversal breaking down, with volume expanding simultaneously to confirm validity. The 4-hour chart retested the lower edge of the wedge and closed bearish, with highs continuously declining in a bearish arrangement! MACD on the daily/4-hour dual cycles shows a death cross downward, with the green bars expanding to release bearish momentum. The Bollinger Bands are opening downward, and the price is moving along the lower band.

Control positions short in the 42.8-44 range, with targets first at 36.5, then at 30.8.
HYPE-3.79%
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