$HYPE /USDT – SHORT 📉
Trade Plan: 📍 Entry: 55.67459 – 55.81540
⛔ Stop Loss: 57.48375
🎯 TP1: 54.44092
🎯 TP2: 53.57156
🎯 TP3: 52.26748
Why I'm Short: • The 4H chart favors sellers with an 85% bearish bias, while the daily timeframe remains range-bound—making a pullback the higher-probability move.
• The 15m RSI has slipped to 34.52, showing buying momentum is weakening as price approaches the entry zone.
• A break below support opens the door to 54.44 first, followed by 53.57, with the range floor near 52.27 as the final objective.
• Price continues to struggle beneath the 55.89 invalidation level, and with the ATR at 0.48, volatility is compressed—often setting up a fast expansion once support gives way.
Manage your risk and stick to your trading plan