๐ Everyoneโs shorting
$HYPE at 58.3 โ but is it really a trap?
Contrarian alert ๐จ
We just saw a Long proposal from 612 Ceros with entries between 58.227 โ 58.471, targeting 59.229 (TP1) up to 60.695 (TP3).
๐ Letโs check the current market:
ยท Price is now ~59.18 (+5.86%), already above TP1
ยท 24h volume: 1.04B USDT โ plenty of liquidity
ยท EMA(7) at 59.36 / EMA(25) at 58.88 โ still bullish alignment
ยท Order book shows 77% bids vs 23% asks โ strong buy-side pressure
๐ง The original case:
ยท 4h bias 95% LONG, 1D trend bullish
ยท RSI 15m at 52.89 โ room to run, not overbought
ยท Entry sat above ATR support and below key invalidation (58.756)
โ ๏ธ But the price already ripped past the first target.
Are you:
โ
Waiting for a retest near 58.80โ59.00 to enter?
โ
Fading the move and shorting into 59.80?
โ
Or just watching from the sidelines?
๐ Drop your play below.
Long or short on
$HYPE here?
#HYPE #BinanceSquare #CryptoTrading #ContrarianPlay