The m15 trend was a nice ride up for this new shiny toy, now that it broke and flipped resistance we look at different structural POIs to get involved.
Currently price is trying to hold the anchored vwap from the weekend impulse, which also means it's trying to hold the low that created the last high.
I'm not very confident in this, since a few clicks around hyperliquid show us that longs chased quite a bit here and we likely flush them out.
Next demand zone is the 1.20 - 1.30 zone, filling the first imbalance and the other side of the vwap std.
Lose that, then we look at a full retrace of the weekend pump, which takes us to sub $1.
Always wait for ltf triggers on things like these, the moves here are very imbalanced, especially when they happen during the weekend.
Currently price is trying to hold the anchored vwap from the weekend impulse, which also means it's trying to hold the low that created the last high.
I'm not very confident in this, since a few clicks around hyperliquid show us that longs chased quite a bit here and we likely flush them out.
Next demand zone is the 1.20 - 1.30 zone, filling the first imbalance and the other side of the vwap std.
Lose that, then we look at a full retrace of the weekend pump, which takes us to sub $1.
Always wait for ltf triggers on things like these, the moves here are very imbalanced, especially when they happen during the weekend.
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Tealstreet.io Trade Faster & Trade Easier
Content in partnership with:
twitter.com/mooncakexbt
twitter.com/huskyXBT
Content in partnership with:
twitter.com/mooncakexbt
twitter.com/huskyXBT
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.