Trading Plan Short $HYPER
$HYPE failed to reclaim the 1H EMA21 after a retest, showing clear rejection at supply.
Entry: $54.46-$55.66
Stoploss: $56.85
Targets: $53.75 / $51.90 / $49.20
HYPE is sitting below the 1H EMA21 and EMA50, a classic distribution sign after yesterday's pump got faded. Smart money distributed into that wick, trapping retail longs who chased. Taker sell volume dominates, pushing price down, while OI added 1% in 24h, indicating fresh shorts are piling in. The funding rate is rising, longs are paying to stay in, setting up a nice squeeze. Reclaim $56.85, short voided.
Trade $HYPE here 👇
$HYPE failed to reclaim the 1H EMA21 after a retest, showing clear rejection at supply.
Entry: $54.46-$55.66
Stoploss: $56.85
Targets: $53.75 / $51.90 / $49.20
HYPE is sitting below the 1H EMA21 and EMA50, a classic distribution sign after yesterday's pump got faded. Smart money distributed into that wick, trapping retail longs who chased. Taker sell volume dominates, pushing price down, while OI added 1% in 24h, indicating fresh shorts are piling in. The funding rate is rising, longs are paying to stay in, setting up a nice squeeze. Reclaim $56.85, short voided.
Trade $HYPE here 👇