$HYPE is testing supply once more — and this rebound is starting to look distributive rather than impulsive.

Trading Plan – Short $HYPE

Entry: 29.0 – 29.8

Stop-Loss: 31.0

TP1:27.6

TP2: 25.9

TP3: 24.2

Price has bounced, but there’s no meaningful momentum expansion to validate a true breakout. The move appears corrective in nature, with continuation lacking follow-through. Each push higher is being met with absorption, suggesting active supply overhead.$HYPE

If this resistance continues to hold, the probability favors a rotation into lower liquidity pockets. Structure remains vulnerable unless buyers reclaim and sustain above the invalidation level.

#hypeusdt #TrumpNewTariffs #TrumpNewTariffs #WhenWillCLARITYActPass #TokenizedRealEstate

Perp

29.44

-2.22%