$HYPE — 91 Resistance Meets Descending Trendline, Breakdown Trap Loading 📉
Trade Plan: Short $HYPE
Entry: 90 - 91
SL: 91.527
TP: 88.944 | 87.442 | 85.816
Why this Setup?
HYPE is pressing into a stacked resistance zone where the descending trendline meets the 91 area, creating a potential rejection trap for late longs. If this ceiling holds and price loses 88.944, downside momentum could accelerate toward 87.442 and 85.816. As long as 91.527 holds, the bearish setup remains valid.
Trade $HYPE here 👇
Trade Plan: Short $HYPE
Entry: 90 - 91
SL: 91.527
TP: 88.944 | 87.442 | 85.816
Why this Setup?
HYPE is pressing into a stacked resistance zone where the descending trendline meets the 91 area, creating a potential rejection trap for late longs. If this ceiling holds and price loses 88.944, downside momentum could accelerate toward 87.442 and 85.816. As long as 91.527 holds, the bearish setup remains valid.
Trade $HYPE here 👇
