$HYPE SHOWS TEXTBOOK DISTRIBUTION AFTER IMPULSIVE RALLY 🔴
Entry: 63.2 - 65.0 🔥
Target: 60.5 / 56.5 / 52.0 🚀
Stop Loss: 67.5 ⚠️
HYPE has printed lower highs following a strong impulsive move and is now rejecting inside the 63.2-65.0 resistance zone. Bearish RSI divergence combined with expanding sell volume confirms the start of distribution. The structure overlay clearly highlights trapped longs above this level.
This short targets the measured correction into the next liquidity pools at 60.5 and beyond. Will HYPE accelerate downward once the 63.0 support breaks?
Not financial advice. Always manage your risk.
#HYPE #ShortSetup #Distribution #BearishDivergence
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Entry: 63.2 - 65.0 🔥
Target: 60.5 / 56.5 / 52.0 🚀
Stop Loss: 67.5 ⚠️
HYPE has printed lower highs following a strong impulsive move and is now rejecting inside the 63.2-65.0 resistance zone. Bearish RSI divergence combined with expanding sell volume confirms the start of distribution. The structure overlay clearly highlights trapped longs above this level.
This short targets the measured correction into the next liquidity pools at 60.5 and beyond. Will HYPE accelerate downward once the 63.0 support breaks?
Not financial advice. Always manage your risk.
#HYPE #ShortSetup #Distribution #BearishDivergence
⚡