Most people look at the daily range, but on the 4H for $HYPE / USDT the picture looks different.
$HYPE — Short idea
Trade plan:
• Entry zone: 29.12 – 29.36
• Stop-loss: 29.96
• Targets:
TP1 — 28.53
TP2 — 28.29
TP3 — 27.81
Scenario logic
• On the 4H, a short-term bearish bias is forming, but this is not a trend short — rather working within the range. The probability of working out is moderate (~55%).
• The current price is directly in the 4H supply zone (29.13–29.37). If a rejection occurs, the first target logically lies around 28.53.
• RSI on 1H is about 56 — the momentum from buyers is weakening, which could lead to a local pullback within a broader range. #WhaleDeRiskETH #BTCMiningDifficultyDrop #USRetailSalesMissForecast
$HYPE — Short idea
Trade plan:
• Entry zone: 29.12 – 29.36
• Stop-loss: 29.96
• Targets:
TP1 — 28.53
TP2 — 28.29
TP3 — 27.81
Scenario logic
• On the 4H, a short-term bearish bias is forming, but this is not a trend short — rather working within the range. The probability of working out is moderate (~55%).
• The current price is directly in the 4H supply zone (29.13–29.37). If a rejection occurs, the first target logically lies around 28.53.
• RSI on 1H is about 56 — the momentum from buyers is weakening, which could lead to a local pullback within a broader range. #WhaleDeRiskETH #BTCMiningDifficultyDrop #USRetailSalesMissForecast
