$HYPE Update: Shorting the 50MA Rejection

I’ve added to my short on $HYPE and the results are showing.

We are currently up +30% (+2,975 USDT) on this position.

Why I'm Bearish:

📉 Technical: Price is "playing dead" below the 50-day Moving Average. This is a major bearish signal.

🛑 Narrative Exhaustion: The "fee buyback" story is old news. The market doesn't care anymore.

Trend: The downtrend is slowly opening up.

Entry: 31.65

Current: ~29.86

The pump is over. We ride the slide down. 👇

HYPE
HYPEUSDT
40.55
+3.84%

#hype #cryptotrading #TechnicalAnalysis #ShortSelling #BinanceSquare