📉 $HYPE — Bearish Continuation Setup
$HYPE is losing momentum after a failed bounce, and the broader downtrend remains intact.
Current Price: $26.12 (−1.7% 24H)
Price is trading below EMA 7 / 25 / 99 on the 1H chart, confirming sustained bearish control.
📊 Technical Outlook • Repeated failures to reclaim the EMA cluster
• Weak bounce structure
• Sellers defending the $26.7–$27.0 supply zone
As long as price stays below this EMA resistance, downside continuation is favored.
📉 SHORT Setup 🔻 Entry: $26.40 – $26.70
🎯 Targets:
• TP1: $25.70
• TP2: $25.10
• TP3: $24.30
🛑 Stop Loss: $27.20
⚠️ Invalidation:
A strong bullish reclaim and hold above $27.0 would weaken the bearish bias and require reassessment.
Discipline > emotion. Trade the structure, not the noise.
Trade $HYPE on Binance 👇
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