$HYPE Losing Momentum Near Resistance
Short $HYPE
Entry: 73.50 - 74.5
SL: 78.5
TP1: 71.00
TP2: 69.80
TP3: 68.50
TP4: 67.20
Why:
HYPE has been repeatedly rejected from the 74.00 resistance zone and is now trading below the short-term moving averages on the 15-minute timeframe. RSI has weakened significantly while MACD remains bearish, showing fading momentum after multiple failed breakout attempts. Volume is also declining, suggesting buyers are losing control. A breakdown below the current consolidation area could accelerate selling pressure toward lower support levels.
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Short $HYPE
Entry: 73.50 - 74.5
SL: 78.5
TP1: 71.00
TP2: 69.80
TP3: 68.50
TP4: 67.20
Why:
HYPE has been repeatedly rejected from the 74.00 resistance zone and is now trading below the short-term moving averages on the 15-minute timeframe. RSI has weakened significantly while MACD remains bearish, showing fading momentum after multiple failed breakout attempts. Volume is also declining, suggesting buyers are losing control. A breakdown below the current consolidation area could accelerate selling pressure toward lower support levels.
📩 DM me to know how to join my premium group for high quality trade setups
Trade $HYPE here 👇