$HYPE SHORT SETUP
$HYPE is retesting a key supply zone after its recent recovery, but the upside momentum is starting to weaken. Sellers are showing interest around this resistance area, while buyers are struggling to push price higher.
Trading Plan — Short $HYPE
Entry: 59.0 – 59.7
SL: 63.8
TP1: 57.5
TP2: 55.0
TP3: 53.0
If the supply zone continues to hold and buyers fail to reclaim the resistance, HYPE could rotate lower and revisit the liquidity sitting beneath the recent structure. A clean rejection from this area could open the path toward the listed targets.
Stay patient, manage position size carefully, and respect the SL if the setup invalidates.
DYOR (Do Your Own Research).
$HYPE is retesting a key supply zone after its recent recovery, but the upside momentum is starting to weaken. Sellers are showing interest around this resistance area, while buyers are struggling to push price higher.
Trading Plan — Short $HYPE
Entry: 59.0 – 59.7
SL: 63.8
TP1: 57.5
TP2: 55.0
TP3: 53.0
If the supply zone continues to hold and buyers fail to reclaim the resistance, HYPE could rotate lower and revisit the liquidity sitting beneath the recent structure. A clean rejection from this area could open the path toward the listed targets.
Stay patient, manage position size carefully, and respect the SL if the setup invalidates.
DYOR (Do Your Own Research).