$HYPE
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Jimothy Memecoin Retreats After Explosive Run, Can The Rally Return? $Jimothy memecoin dropped 28% over the past 24 hours after a rally fueled by attention from several groups, including the White House. The token remains 49% below its
hyperliquid analysis from monday's stream how'd i do? x: x.com/i/broadcasts/1 β¦ youtube: youtu.be/XyK3er0pKxE [Spoken audio]: This is like we drop down and then from this point it retraces back up. So it's not super important, but in terms of like adding context to this swing down, this level has significance because it's sitting on the break of that area. But it's also where the sell-off continued and created this low to create a lower low. So on a retest of this level, as it's now happening now, I'd like to see another range form and then start breaking down to look short. On the higher time frames, we have a pretty clean range, I should say here as well on H4 drop and then it's create the range test in the high maybe a deviation above before lower like so so my bullish case is that if it does break above 63 I wouldn't necessarily take that as a break but what I'd like to see if I'm saying it's pushing up is you have a higher high some lower lows and then another high high makes more sense that it's going to push up and that's when I'd call it flipped and that's when I'll start looking long with a target at the top of that supply zone. But I feel like what's more likely to happen here on hyper liquid, maybe lower time frames like here on M15 is we'll get that range like so, and then look for a breakdown or a break to the upside and continue this trend and this current momentum that we've experienced in today.
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