๐จ $HYPE / USDT SHORT SETUP โ REJECTION FROM THE HIGH? ๐
HYPE is showing signs of exhaustion on the 1H chart! After hitting a 24h high of 69.545, the price faced immediate rejection and failed to challenge the major resistance at 77.022. The blue trend arrow on the chart clearly signals a heavy correction loading toward lower demand zones.
Here is my strategic Short Trade Setup:
โก ENTRY ZONE: 67.530 - 70.000 $ ๐
๐ฏ TARGET 1 (TP1): 60.000 $ (Psychological Support) ๐ฐ
๐ฏ TARGET 2 (TP2): 52.888 $ (Major Blue Line Support) ๐
๐ฏ TARGET 3 (TP3): 45.000 $ (Trend Arrow Target) ๐
๐ฏ TARGET 4 (TP4): 37.847 $ (Ultimate Bottom Support) ๐
๐ก๏ธ STOP LOSS (SL): 72.500 $ (Strict Risk Management) ๐
โ ๏ธ Quick Analysis:
The 24h trading volume is massive at 934.43M USDT, showing high volatility and active participation. The price action is currently rolling over, and if the bears manage to force a daily candle close below 65.00, the downward panic will accelerate violently, sending HYPE straight to the 52.888 support level! ๐๐ธ
Are you shorting this breakdown or looking to catch a bounce? Let me know below! ๐๐ฌ
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