🟥🟥 $HYPE LIMIT SHORT TRADE 🟥🟥
Short #HYPE
Entry: 39.60 – 40.20
Stop Loss: 41.10
TP1: 38.40
TP2: 37.50
Why put the limit order there?
1️⃣ Key Resistance Zone
The 39.5–40 area is the recent local high where price already showed rejection. This zone is likely to attract sellers again.
2️⃣ Multiple Rejections
On the 1H chart, price tapped this level and quickly pulled back, indicating supply sitting near 40.
3️⃣ Liquidity Above Highs
Price may spike slightly above 39.8–40 to grab liquidity before a potential retracement.
4️⃣ Range Pullback Potential
After the recent upward move, a correction toward 38 → 37.5 would be a healthy pullback inside the range.
✅ Simple plan
Place a limit short near 39.90
Stop loss above 41.10
Target the pullback levels step-by-step.
⚠️ Invalidation
If price breaks and holds above 41.10, the resistance fails and bullish momentum could continue higher.
This trade idea includes the invalidation level. Always manage your risk and do your own research (DYOR). Not financial advice.
Trade $HYPE here 👇 📉
