📊 Market View

$HYPE quickly faced selling after the rebound, with supply still dominating above. The price surge failed to hold at local resistance, repeatedly rejected, indicating significant overhead selling pressure. This round of rebound lacks momentum, resembling a correction rather than a trend reversal. As long as the price is constrained by this rejection zone, a continuation downward remains a higher probability path.

📉 Trade Setup – $HYPE

🧭 Direction: SHORT

🎯 Entry Range: $29.2 – $29.7

💰 Take Profit

• TP1: $28.4

• TP2: $27.1

• TP3: $25.9

🛑 Stop Loss: $31.2

👇 Trade $HYPE here

HYPEUSDT

Perp

31.19

-2.32%