$HYPE — Rejection at resistance, weakness showing

🔴 Short Setup: $HYPE

Entry: 31.5 – 31.2

Stop Loss: 33.0

Targets:

• TP1: 28.8

• TP2: 26.9

• TP3: 24.5

Simple Explanation:

$HYPE moved up into a strong resistance area but failed to break above it. Each push higher is getting sold quickly, showing buyers are losing strength. Momentum is slowing, and sellers are clearly in control.

This move up looks like a temporary bounce, not a trend change. As long as price stays below resistance, downside targets remain valid.

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HYPE
HYPEUSDT
33.42
-1.09%