$HYPE Rejection at Resistance — Downside Potential? 📉👊

"$HYPE is struggling below the $33–34 supply zone after its massive weekly rally. Momentum is cooling, and the current bounce looks like a corrective trap for late buyers."

SHORT $HYPE Setup 📉

Entry Range: $32.2 – $33.0 💹

Target 1 (TP1): $31.0 🎯

Target 2 (TP2): $29.5 🔥

Target 3 (TP3): $28.0 🚀

Stop-loss (SL): $34.5 ⚠️

Technical View:

Resistance Zone: The $34.50 area remains a critical barrier, acting as the local high where sellers have stepped in aggressively.

Momentum Shift: After surging over 58% in three days, indicators suggest the move is overextended. Momentum is fading as the market reassesses the recent peak.

Support Breach: A failure to hold the $31.20 support could trigger a deeper pullback toward the psychological $30 level and the 100-day EMA near $28.

Discipline > Hype. Let the distribution play out! 📉✅