👎🎉$HYPE USDT TECHNICAL ANALYSIS BEARISH CONTINUATION EXPECTED 🫵👊👊👊👊📢💸
$HYPE USDT is showing clear signs of weakness after rejection from the upper supply zone. Price action indicates a loss of bullish momentum, with sellers gradually gaining control. The structure suggests a potential continuation to the downside as long as price remains below the key resistance area.
Technical Outlook (Bearish Bias):
Price has faced strong rejection near the recent high, confirming a supply zone overhead.
Parabolic SAR is positioned above price, signaling sustained bearish pressure.
The market is forming lower highs, indicating weakening buying strength.
A breakdown below the minor support zone opens the door for further downside movement.
Short Trade Setup:
Entry Zone: Below the confirmed resistance / on bearish confirmation
TP 1: 31.460
TP 2: 27.498
TP 3: 23.536
SL: 38.483 above ..
📢Trade here👇$HYPE
Risk Management:
Risk only 1–2% per trade, wait for confirmation before entry, and trail stop loss after TP1 is achieved.
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