$HYPE Short 75x – Resistance is holding, and sellers are stepping in.
HYPE is trading inside the 60.72858–61.35300 resistance zone, and I've opened a Short 75x Isolated position.
📌 Trade Setup: • Entry: 60.72857 – 61.35300 • Stop Loss: 62.91404
🎯 Targets: • TP1: 59.16754 • TP2: 58.54312 • TP3: 57.29427
Why I'm bearish: • The 4H timeframe continues to favor downside movement, while price is facing strong resistance around 61.04. • RSI on the 15m chart sits at 32, showing strong bearish momentum, though follow-through remains important. • Selling pressure is backed by volume, with 141.08K traded versus 125.27K expected (1.13x average volume), suggesting active participation from sellers.
Manage risk properly and adjust your stop to breakeven once the trade moves in your favor.
HYPE is trading inside the 60.72858–61.35300 resistance zone, and I've opened a Short 75x Isolated position.
📌 Trade Setup: • Entry: 60.72857 – 61.35300 • Stop Loss: 62.91404
🎯 Targets: • TP1: 59.16754 • TP2: 58.54312 • TP3: 57.29427
Why I'm bearish: • The 4H timeframe continues to favor downside movement, while price is facing strong resistance around 61.04. • RSI on the 15m chart sits at 32, showing strong bearish momentum, though follow-through remains important. • Selling pressure is backed by volume, with 141.08K traded versus 125.27K expected (1.13x average volume), suggesting active participation from sellers.
Manage risk properly and adjust your stop to breakeven once the trade moves in your favor.