Guys, I’m opening a BIG SHORT on $HYPE here. 👀
TP: $79.78
SL: $82.30 👇🏻
$HYPE is sitting right under an important resistance area, and this zone has already rejected price more than once.
Buyers are trying to push through, but every attempt is getting sold into around the same section.
That tells me this area is still heavy.
If price loses this small range from here, I think the move toward $80 and then $79.78 can happen pretty fast.
I’m not waiting for a huge red candle to tell me the dump already started.
The rejection is already there. Now I want the breakdown. Be ready.
TP: $79.78
SL: $82.30 👇🏻
$HYPE is sitting right under an important resistance area, and this zone has already rejected price more than once.
Buyers are trying to push through, but every attempt is getting sold into around the same section.
That tells me this area is still heavy.
If price loses this small range from here, I think the move toward $80 and then $79.78 can happen pretty fast.
I’m not waiting for a huge red candle to tell me the dump already started.
The rejection is already there. Now I want the breakdown. Be ready.
