📉 $HYPE /USDT — Potential Short-Term Shakeout Setup
While the 1D trend remains bullish, the 4H chart is showing early signs of weakness with a possible short-term rejection forming around current levels.
📍 Short Setup
Entry: 57.723 – 58.009
🛑 Stop Loss: 59.235
🎯 TP1: 56.839
🎯 TP2: 56.155
🎯 TP3: 55.128
⚠️ Key Observations
• Daily trend still bullish, but 4H momentum is fading
• RSI on lower timeframes is weakening (~38)
• Tight ATR suggests a potential liquidity squeeze
• Market may be due for a short-term pullback before any continuation
📊 Market Question
Is this a shakeout before the next bullish leg… or the start of a deeper retracement?
Trade with caution and let price confirm direction.
HYPEUSDT
Perp
59.34
+0.38%