
$HYPE Re-testing Major Breakout Structure — Loaded for a Bounce 🎢
Market Structure: $HYPE printed a stunning V-shaped recovery from the 62.582 floor all the way up to 69.026. The current downside is nothing more than a natural, technical retest of the previous accumulation base.
The Technical Setup: The asset is currently sitting right on its Lower Bollinger Band (58.348). In strong, volatile assets, the first major retest of the lower band after an aggressive rally is typically met with strong buy orders.
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