$HYPE is shaping up for a short opportunity.
$HYPE - SHORT
Trade Plan:
Entry: 58.24869 – 58.85531
SL: 60.37185
TP1: 56.73215
TP2: 56.12554
TP3: 54.91230
Why this setup?
The 1D trend remains bullish, but the 4h setup is aligning for a short. HYPE is trading in 58.24869 – 58.85531 around 58.55200, giving a clean zone to work with. RSI 15m at 72 still supports the fade, as momentum is elevated enough to roll over. Volume on 15m is 477.79K, compared to a 406.81K quarter-hour 1H baseline (1.17x), so participation is solid for the move to continue.