Looking at this wave of HYPE, I can already feel it starting to become unsustainable. After surging to 26.202, it began to plummet continuously, now stuck at 25.121. The 5-day moving average (25.534), 10-day moving average (25.510), and 20-day moving average (25.629) have all been broken, and the short-term moving average system has completely collapsed.

From the indicator perspective, the situation is even worse. RSI(6) has already fallen to 24.231, entering the oversold zone, but the key point is—there are no signs of a rebound at all. The MACD green bars are still expanding, and both DIF and DEA are glued at -0.170. The bulls have no strength left to fight back. It’s clear that the main force is indiscriminately unloading, and these signs are very obvious.

If you want to open a short position, entering at the current price of 25.121 directly is advisable, with a stop loss placed above the previous high of 26.202 for safety. The first target is 24.971 (the lowest point in 24 hours). If that is broken smoothly, then look at the second target of 24.500, which is a key round number.

Friends trading trend positions should hold firmly. For short-term trades, it’s safer to take partial profits at support levels with small positions. Be cautious that the main force might use this oversold pattern to temporarily induce a rally, then continue to dump. Don’t be greedy at such times—take profits when the opportunity arises.