$HYPE SHORT SETUP ... BEARS TAKING CONTROL!
$HYPE is facing heavy selling pressure after rejection near $90. Price has dropped to $72.795, with bears pushing toward fresh lows.
Short Setup
Entry: $72.795
TP1: $70.000
TP2: $65.000
Final Target: $60.000
SL: Above $75.000
As long as $75 resistance holds, I see a possible correction toward $65 and $60.
A bullish reversal could invalidate this setup, so respect your stop loss.
Trade on $HYPE
$HYPE is facing heavy selling pressure after rejection near $90. Price has dropped to $72.795, with bears pushing toward fresh lows.
Short Setup
Entry: $72.795
TP1: $70.000
TP2: $65.000
Final Target: $60.000
SL: Above $75.000
As long as $75 resistance holds, I see a possible correction toward $65 and $60.
A bullish reversal could invalidate this setup, so respect your stop loss.
Trade on $HYPE
