$HYPE — bounce looks weak, supply still in control

Short $HYPE

Entry: 29.30–29.45

Stop Loss: 29.90

TP1: 29.00

TP2: 28.75

TP3: 28.40

After the recent sell-off, price failed to reclaim resistance.

Each bounce is getting sold and structure remains bearish.

This looks like a relief move rather than a reversal.

As long as price stays below 30, downside continuation is more likely.

Manage risk.

HYPEUSDT

Perp

30.57

+4.91%