#TRADE-ALERT: $HYPE /USDT Short Setup ๐
๐ Fundamental Outlook:
Hyperliquid ($HYPE) has been trading near a strong daily resistance zone ($69.00 โ $70.00) after its massive rally. Higher timeframes are showing overbought conditions and orderbook data indicates short-term exhaustion. A sharp rejection from this key supply area is expected, which could push the market towards our targets. The risk-to-reward ratio is perfect for the short trade.
โก Trade Parameters:
Direction: Sell (Short) ๐ด
Risk Profile: Medium
Leverage: 30x (Recommended for risk management)
๐ฅ Entry & Exit Levels:
Entry Zone: $69.00 โ $70.00
๐ฏ Take Profit Targets:
1st Target: $68.00
2nd Target: $67.00
3rd Target: $66.00
๐ซ Invalidation / Stop Loss:
$71.00 (Strictly follow)
โ ๏ธ Risk Warning & Strategy:
Binance Square fam, discipline is crucial when using high leverage. Once the first target hits, shift your Stop Loss to the entry price (BE) and continue to book partial profits. Always manage your wallet margin properly!
Disclaimer: This is for educational purposes only. Not financial advice. DYOR (Do Your Own Research).
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