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$POPMART SHORT: FADING THE RETAIL HYPE ON HKEX LISTING! 📉
Entry: 21.30 - 21.60 ⚡
Target 1: 20.60 🎯
Target 2: 19.90 🎯
Target 3: 19.00 🎯
Stop Loss: 22.20 ⚠️
📉 The 4H structure shows a clean rejection at the 21.60 resistance zone after the initial listing injection faded. Price is printing a textbook bearish divergence on the RSI, while 15m volume sits at 0.44x — retail buying exhaustion confirmed after the retail pop. 🦈 Institutional fingerprints are visible as liquidity gets swept above 21.60, leaving a pool of FOMO longs vulnerable to a squeeze lower. 📊
💡 The R:R profile across all three targets is compelling, especially if price reclaims below 20.60 as confirmation of structure shift. 💬 Would you short the retest of resistance or wait for a breakdown under 20.60 first? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
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#POPMART #ShortSetup #Bearish #Crypto #DesignerToys 🔴 📉