🚨 $HYPE is showing classic signs of short-term exhaustion after an aggressive rally — and a retracement may be closer than most traders expect.
$HYPE / USDT - SHORT 📉
Trade Plan: 🔹 Entry: 74.50 – 75.50
🔹 SL: 77.20
🎯 TP1: 72.50
🎯 TP2: 69.50
🎯 TP3: 66.00
Why this setup?
HYPE has rallied nearly 45% from the recent low near 52.60 and is now approaching a major resistance zone around 76.60.
The latest candles are showing rejection near the highs, indicating that buyers are losing momentum after a strong expansion phase.
Price is trading significantly above MA(7), MA(25), and MA(99), creating an overextended structure that often attracts profit-taking from early buyers.
Volume increased during the breakout, but follow-through strength is beginning to slow as price approaches resistance, suggesting demand is becoming less aggressive.
The 76.60 region is currently acting as a key supply zone, and failure to break above it could trigger a correction toward previous support levels.
A retracement toward the 69–72 area would be a healthy reset of the trend and would not invalidate the larger bullish market structure.
As long as price remains below 76.60, sellers have an opportunity to target lower liquidity zones.
Debate:
Is HYPE forming a local top before a deeper correction, or will bulls absorb the selling pressure and launch another breakout above 76.60?
Drop your view below 👇
$HYPE
#HYPE #CryptoTrading #Binance #Bearish #TradingSignals
$HYPE / USDT - SHORT 📉
Trade Plan: 🔹 Entry: 74.50 – 75.50
🔹 SL: 77.20
🎯 TP1: 72.50
🎯 TP2: 69.50
🎯 TP3: 66.00
Why this setup?
HYPE has rallied nearly 45% from the recent low near 52.60 and is now approaching a major resistance zone around 76.60.
The latest candles are showing rejection near the highs, indicating that buyers are losing momentum after a strong expansion phase.
Price is trading significantly above MA(7), MA(25), and MA(99), creating an overextended structure that often attracts profit-taking from early buyers.
Volume increased during the breakout, but follow-through strength is beginning to slow as price approaches resistance, suggesting demand is becoming less aggressive.
The 76.60 region is currently acting as a key supply zone, and failure to break above it could trigger a correction toward previous support levels.
A retracement toward the 69–72 area would be a healthy reset of the trend and would not invalidate the larger bullish market structure.
As long as price remains below 76.60, sellers have an opportunity to target lower liquidity zones.
Debate:
Is HYPE forming a local top before a deeper correction, or will bulls absorb the selling pressure and launch another breakout above 76.60?
Drop your view below 👇
$HYPE
#HYPE #CryptoTrading #Binance #Bearish #TradingSignals