Everyone is bullish on HYPE, but the 4H chart is signaling a potential bull trap.
Trade Plan
Entry: 66.79 – 67.22
Stop Loss: 69.08
TP1: 65.45
TP2: 64.41
TP3: 62.85
Why This Setup?
The 4H structure turns bearish below the key support zone.
The 15-minute RSI is oversold, but selling pressure remains dominant.
Elevated volatility increases the probability of further downside movement.
The bearish outlook remains valid until the invalidation level is broken.
Summary
A high-conviction short setup targeting multiple downside levels between 65.45 and 62.85.
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