$HYPE rebounded and was clearly blocked around 60. The upper moving averages are putting significant pressure on it, and in the short term there is a risk of a technical pullback.
$HYPE - Sell short
Trading Plan:
Entry: 58.50 - 58.90
Stop Loss (SL): 60.30
Target 1 (TP1): 57.30
Target 2 (TP2): 55.50
Target 3 (TP3): 51.10
Why sell short?
Price has recently fallen from the high at 72.98 all the way to 51.10. It is currently clearly being rejected near 59.9, and short-term rebound momentum has already weakened. The current price has broken below the MA7 short-term support level, and trading volume is not confirming—indicating the market lacks sustained upside momentum. As long as it cannot effectively increase volume and reclaim the stop-loss defense level, this high-level, stagnant structure is highly likely to retest the MA25 (or even deeper areas) to find support. The risk-reward for selling short to capture a pullback still remains advantageous.
Click here to trade👇$HYPER
$HYPE - Sell short
Trading Plan:
Entry: 58.50 - 58.90
Stop Loss (SL): 60.30
Target 1 (TP1): 57.30
Target 2 (TP2): 55.50
Target 3 (TP3): 51.10
Why sell short?
Price has recently fallen from the high at 72.98 all the way to 51.10. It is currently clearly being rejected near 59.9, and short-term rebound momentum has already weakened. The current price has broken below the MA7 short-term support level, and trading volume is not confirming—indicating the market lacks sustained upside momentum. As long as it cannot effectively increase volume and reclaim the stop-loss defense level, this high-level, stagnant structure is highly likely to retest the MA25 (or even deeper areas) to find support. The risk-reward for selling short to capture a pullback still remains advantageous.
Click here to trade👇$HYPER