$HYPE IS SHOWING WEAKNESS AT KEY RESISTANCE LEVELS 📉
Entry: 65.6 - 69.3 🔥
Target: 62.9, 60, 55 🚀
Stop Loss: 72.1 ⚠️
The price action on $HYPE is struggling to reclaim the 70 handle, suggesting the sellers are in control of the current range. We are seeing a clear rejection on the hourly candles which aligns with the overhead supply zone we have been watching all week.
The downside targets are starting to look reachable if the broader market sentiment stays soft. Do you think we see a clean breakdown below 65 or is this just another range sweep?
Not financial advice. Always manage your risk.
#HYPE #ShortSetup #Crypto #Trading
🎯
Entry: 65.6 - 69.3 🔥
Target: 62.9, 60, 55 🚀
Stop Loss: 72.1 ⚠️
The price action on $HYPE is struggling to reclaim the 70 handle, suggesting the sellers are in control of the current range. We are seeing a clear rejection on the hourly candles which aligns with the overhead supply zone we have been watching all week.
The downside targets are starting to look reachable if the broader market sentiment stays soft. Do you think we see a clean breakdown below 65 or is this just another range sweep?
Not financial advice. Always manage your risk.
#HYPE #ShortSetup #Crypto #Trading
🎯