HYPE/USDT SHORT Trade Plan
Entry: 52.40 – 52.80
Stop Loss: 53.40
Take Profit 1: 51.50
Take Profit 2: 50.80
Take Profit 3: 49.90
The chart continues to print lower highs and lower lows, keeping the bearish structure intact.
Price is still below the 99-period moving average, which acts as dynamic resistance.
The current rebound is approaching a resistance area where sellers may step back in.
A rejection from the entry zone could lead to another move toward the recent low and potentially lower.
$HYPE
Entry: 52.40 – 52.80
Stop Loss: 53.40
Take Profit 1: 51.50
Take Profit 2: 50.80
Take Profit 3: 49.90
The chart continues to print lower highs and lower lows, keeping the bearish structure intact.
Price is still below the 99-period moving average, which acts as dynamic resistance.
The current rebound is approaching a resistance area where sellers may step back in.
A rejection from the entry zone could lead to another move toward the recent low and potentially lower.
$HYPE