Trading Plan Short HYPE
$HYPE just flushed through the daily low and is clinging to the bottom Bollinger Band.
Entry: $55.47-$56.67
Stoploss: $58.90
Targets: $54.00 / $50.50 / $44.00
HYPE's 1H chart looks cooked, sitting way below the EMAs and pushing into oversold RSI. Taker sell volume is aggressive, and the BBs just expanded 36% last 10h, which often signals a big leg down after a break. OI is flat but top traders are still too long. This feels like a classic short squeeze unwind. Reclaim $58.90, short voided.
Trade $HYPE here👇
$HYPE just flushed through the daily low and is clinging to the bottom Bollinger Band.
Entry: $55.47-$56.67
Stoploss: $58.90
Targets: $54.00 / $50.50 / $44.00
HYPE's 1H chart looks cooked, sitting way below the EMAs and pushing into oversold RSI. Taker sell volume is aggressive, and the BBs just expanded 36% last 10h, which often signals a big leg down after a break. OI is flat but top traders are still too long. This feels like a classic short squeeze unwind. Reclaim $58.90, short voided.
Trade $HYPE here👇