📉 $HYPE | SHORT MOMENTUM SETUP
$HYPE continues to show bearish structure, with price trading below its key moving averages. Sellers still appear to have the upper hand unless price manages to reclaim those levels.
I’m watching for a small recovery into the resistance zone before considering another short opportunity. A rejection around this area could open the door for another move lower.
Trade Setup:
* Entry: 74.05–74.20
* TP1: 72.80
* TP2: 71.40
* TP3: 70.85
* SL: 75.35
Estimated Price Move:
* SL: -1.6%
* TP1: +1.8%
* TP2: +3.6%
* TP3: +4.4%
The earlier move has already played out, so I’m being more selective with this attempt. Waiting for confirmation is better than chasing an extended move.
⚠️ Personal market analysis, not financial advice. DYOR.
$HYPE continues to show bearish structure, with price trading below its key moving averages. Sellers still appear to have the upper hand unless price manages to reclaim those levels.
I’m watching for a small recovery into the resistance zone before considering another short opportunity. A rejection around this area could open the door for another move lower.
Trade Setup:
* Entry: 74.05–74.20
* TP1: 72.80
* TP2: 71.40
* TP3: 70.85
* SL: 75.35
Estimated Price Move:
* SL: -1.6%
* TP1: +1.8%
* TP2: +3.6%
* TP3: +4.4%
The earlier move has already played out, so I’m being more selective with this attempt. Waiting for confirmation is better than chasing an extended move.
⚠️ Personal market analysis, not financial advice. DYOR.
