$HYPE IS TESTING A MAJOR RESISTANCE ZONE – SHORT BIAS 🔥
Entry: 64 – 65 🔥
Target: 63 🚀
Stop Loss: 68 ⚠️
Price is sitting right on a supply zone that has historically attracted sellers. The 64–65 area has acted as resistance on the hourly timeframe, and with volume declining on the approach, the momentum favors a rejection.
This short targets a move back toward 63 as the first take-profit level, with room to extend lower. The risk-to-reward is about 1:2 from the midpoint of the entry range.
Are you looking to short this resistance or waiting for a confirmed breakdown?
Not financial advice. Always manage your risk.
#HYPE #ShortSetup #Resistance #Crypto
🔥
Entry: 64 – 65 🔥
Target: 63 🚀
Stop Loss: 68 ⚠️
Price is sitting right on a supply zone that has historically attracted sellers. The 64–65 area has acted as resistance on the hourly timeframe, and with volume declining on the approach, the momentum favors a rejection.
This short targets a move back toward 63 as the first take-profit level, with room to extend lower. The risk-to-reward is about 1:2 from the midpoint of the entry range.
Are you looking to short this resistance or waiting for a confirmed breakdown?
Not financial advice. Always manage your risk.
#HYPE #ShortSetup #Resistance #Crypto
🔥