The $HYPE chart is looking heavy. We are currently sitting right on a critical support trendline, and the price action is screaming "weakness." I am anticipating a breakdown very soon as the buying pressure fades.
The Strategy:
I’m watching for a clean candle close below the support level. My plan is to wait for a breakdown and a quick retest before committing to a short position. This ensures we avoid any "fake-out" traps.
Targets & Risk:
If the support snaps, I expect a rapid move toward the lower liquidity zones. As always, keep your Stop Loss tight and manage your risk—don't trade on emotions!
What’s your move? Are you shorting the breakdown or waiting for a bounce? Let’s discuss below! 👇
