$HYPE SHORT — Double Top Rejection & Downward Correction
Price formed a clear double-top resistance near the 74.590 high, with a strong bearish red candle breaking below immediate support levels. Decreasing volume on the push higher indicates buyer exhaustion, favoring a high-precision short setup:
Entry: 72.259 – 73.000
TP1: 71.170
TP2: 68.130
TP3: 64.500
SL: 74.800
Staying capped below the double-top resistance zone validates the bearish retracement toward lower demand levels.
Price formed a clear double-top resistance near the 74.590 high, with a strong bearish red candle breaking below immediate support levels. Decreasing volume on the push higher indicates buyer exhaustion, favoring a high-precision short setup:
Entry: 72.259 – 73.000
TP1: 71.170
TP2: 68.130
TP3: 64.500
SL: 74.800
Staying capped below the double-top resistance zone validates the bearish retracement toward lower demand levels.