📉 Why I opened a short at $HYPE for $49?
My logic is simple.
After a strong impulse, the price moved into a zone where, in my opinion, buyers started losing strength. Above, a lot of late longs have accumulated, and these places often become liquidity for large players.
🎯 My target is $49, because that’s where the nearest strong demand zone is located and there’s still an unfilled imbalance.
Of course, this doesn’t mean the move will be a straight line. But the risk/reward ratio on this trade fully satisfies me.
💬 What about you—are you in a long right now, or are you also expecting a correction at $HYPE ?
#hype #crypto #trading #BinanceSquare $HYPE
My logic is simple.
After a strong impulse, the price moved into a zone where, in my opinion, buyers started losing strength. Above, a lot of late longs have accumulated, and these places often become liquidity for large players.
🎯 My target is $49, because that’s where the nearest strong demand zone is located and there’s still an unfilled imbalance.
Of course, this doesn’t mean the move will be a straight line. But the risk/reward ratio on this trade fully satisfies me.
💬 What about you—are you in a long right now, or are you also expecting a correction at $HYPE ?
#hype #crypto #trading #BinanceSquare $HYPE
