czamaonbinancesquaretoday

✅ I just opened a short on $HYPE

Check out the summary of my setup

🔍 What did I see on the chart?

— In 4H, the price made a very aggressive upward move from $22 to $35
— Since that peak, the price is starting to retrace, forming a well-defined downward channel
— Currently, the price is at the upper part of the channel, a critical zone for possible rejection

📉 In 5M:
— Within that context, the price forms a sideways channel right at the upper part of the 4H downward channel
— Seeing the fourth retest of the resistance of the sideways channel, combined with a rejection candle, I took my entry trigger

🎯 SL: located behind the resistance of the sideways channel, at $32.6

📉 TP: managed with Trailing Stop, as I consider a deep correction likely given the vertical upward movement left in 4H

📊 Trade with confluence between major structure (downward channel), local congestion (sideways channel), and technical rejection. Setup with exhaustion logic and timing.

💬 How do you operate retracements after strong impulses like this? Do you wait for confirmation or enter on reaction? I’m listening.
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