$HYPE — Rejection After Spike, Momentum Cooling 📉

$HYPE printed a sharp spike but faced immediate rejection near the local top, signaling buyer exhaustion and fading momentum.

Short Trade Setup Entry Zone: 31.10 – 32.20

Targets 🎯 TP1: 30.40

🎯 TP2: 29.60

🎯 TP3: 28.70

Stop Loss 🛑 33.20

Outlook With price failing to hold higher levels and momentum starting to roll over, downside continuation remains in play. This setup favors a pullback toward lower support zones as long as price stays capped below resistance.

Trade smart 📊

HYPE
HYPEUSDT
28.64
-1.23%