$HYPE Nears Major Bearish OB: Breakout or 30% Breakdown?
#HYPE is already very close to the HTF Bearish OB at $72–$76, making this a high-confluence short area IMO.
If price gets rejected here, a 20–30% downside move toward the Bullish OB at $53–$56 is possible.
The invalidation is clean: any HTF candle close above $77 invalidates the bearish setup, keeping the risk relatively tight.
#CryptoPatel
#HYPE is already very close to the HTF Bearish OB at $72–$76, making this a high-confluence short area IMO.
If price gets rejected here, a 20–30% downside move toward the Bullish OB at $53–$56 is possible.
The invalidation is clean: any HTF candle close above $77 invalidates the bearish setup, keeping the risk relatively tight.
#CryptoPatel