Short $HYPE
Entry: 35.580 – 35.950
SL: 37.200
TP: 33.500 – 32.200 – 31.000
Seeing $HYPE repeatedly reject the 36.2 ceiling with long upper wicks tells me the buying momentum is hitting a major brick wall.
The price action looks overstretched and is starting to lose its grip on the local peak, making it feel like a quick flush back to the MA99 zone is loading.
Trade $HYPE
HYPEUSDT
Perp
28.82
-3.67%