🔻 $HYPE — SHORT SETUP | TOP REJECTION ⚠️
$HYPE is trading near the highs after a powerful rally, but the setup is now showing pullback risk. With a major token unlock scheduled for September 6, volatility and profit-taking pressure could increase around the highs.
📍 SHORT BIAS: Rejection near current highs
🎯 TP1: $80
🎯 TP2: $75
🛑 SL: Above the previous high
🔑 Key: Failure to hold the highs → $80 → $75 downside levels come into focus.
⚠️ High-risk short: HYPE remains structurally strong, so wait for clear rejection/confirmation. Don’t blindly short strength.
SHORT BIAS 📉
DYOR • NFA
#HYPE #Hyperliquid #ShortSetup #CryptoTrading
$HYPE is trading near the highs after a powerful rally, but the setup is now showing pullback risk. With a major token unlock scheduled for September 6, volatility and profit-taking pressure could increase around the highs.
📍 SHORT BIAS: Rejection near current highs
🎯 TP1: $80
🎯 TP2: $75
🛑 SL: Above the previous high
🔑 Key: Failure to hold the highs → $80 → $75 downside levels come into focus.
⚠️ High-risk short: HYPE remains structurally strong, so wait for clear rejection/confirmation. Don’t blindly short strength.
SHORT BIAS 📉
DYOR • NFA
#HYPE #Hyperliquid #ShortSetup #CryptoTrading