With a near perfect gap fill from levels of support dating back to June 2020, HYLN looks great for a reversal here after an extended move down.
Descending wedge and oversold weekly. Decreasing volume on the dump. If it manages to break up out of this wedge it should be one heck of a pop to test the untested levels above.
Keep a close eye on the key monthly level of $10,319 on Bitmex. In my opinion, if we close the monthly candle at or below that, it's likely dumpsterville. If we close above it, that shows long term technical strength. We could still test lower levels, but the close of this monthly candle will tell us a lot about the strength of this market.
Just bagged some at 205 sats. Descending wedge on daly and weekly is terminating with bullish divergence one both. Tight stop loss.