$HYPE (DAILY): losing the 200 MA, SHORT from $38.6Hyperliquid / TetherKUCOIN:HYPEUSDTColdBloodedCharterHYPE should really be SHORTED from here despite the oversold RSI at 22. It has just lost its key bull/bear market line in the sand in the form of its 200 MA on the DAILY chart. I have a rule that says I should predominantly short stuff below the 200 MA and long above. There are some exceptions to this great rule, like buying bloodbaths even in a DOWNTREND, but generally one should stick to the 200 MA as a filter. #hype is unlocking a lot of tokens, which might be tragic if bad climate in crypto persists. Lower HIGH recently, solid DOWNTREND, and now broken below its CRUCIAL horizontal pivot line (red at $39.8). I will use this horizontal for my STOP LOSS purposes — each 4-HOUR candle close (3 batches), and I exit the SHORT. Game on. Drop like a stone, will you? 👽💙