๐ $HYPE โ Bearish Continuation Setup
$HYPE is losing momentum after a failed bounce, and the broader downtrend remains intact.
Current Price: $26.12 (โ1.7% 24H)
Price is trading below EMA 7 / 25 / 99 on the 1H chart, confirming sustained bearish control.
๐ Technical Outlook โข Repeated failures to reclaim the EMA cluster
โข Weak bounce structure
โข Sellers defending the $26.7โ$27.0 supply zone
As long as price stays below this EMA resistance, downside continuation is favored.
๐ SHORT Setup ๐ป Entry: $26.40 โ $26.70
๐ฏ Targets:
โข TP1: $25.70
โข TP2: $25.10
โข TP3: $24.30
๐ Stop Loss: $27.20
โ ๏ธ Invalidation:
A strong bullish reclaim and hold above $27.0 would weaken the bearish bias and require reassessment.
Discipline > emotion. Trade the structure, not the noise.
Trade $HYPE on Binance ๐
#Hyperdust #hypeusdt #cryptotrading #ShortSetup #priceaction