HYPE Rejection & Corrective Sell 🔻
Short Setup — $HYPE ⚠️
Entry: 36.2 – 37.0
SL: 38.8
TP1: 34.0
TP2: 32.0
TP3: 29.5 🔻
As long as price stays below 38.8, the structure favors a bearish correction.
After a sharp impulsive rally from the 29–30 zone, price faced strong rejection near the 38.4 resistance, showing long upper wicks and loss of bullish momentum.
Price is struggling to hold above EMA 7, indicating short-term buyer exhaustion and increased selling pressure.
Decreasing volume on bounce attempts suggests weak follow-through from buyers.
This setup favors a pullback toward lower support levels before any potential trend continuation.
👇 Trader Here: $HYPE
HYPEUSDT
Perp
32.71
-6.80%