$HYPE is holding a bounce by a thread — a slip triggers the drop.

$HYPE - SHORT

Trade Plan:

Entry: 28.880 – 29.136

SL: 29.776

TP1: 28.239

TP2: 27.983

TP3: 27.471

Why this setup?

4h plan is valid only on confirmation at (28.880-29.136).

The 1d trend is range-bound, so location matters, so I’m aligning entries with the higher-timeframe pressure.

Once the zone confirms, TP1 at 28.239 is the first magnet move. Lower TF RSI shows no extreme oversold, leaving room for the move to develop.

Reclaim beyond 32.232 = thesis broken.

Debate:

Is 28.239 the first stop, or does reclaim above 32.232 change the whole read?

Trade here 👇 and comment your bias!