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$HYPE STUBBORNLY HOLDS - CLASSIC M TOP PATTERN 📉
Target: 40 🚀
This is a setup worth watching. While the rest of the market is getting hammered, $HYPE is stubbornly holding its ground. But the daily chart has painted a textbook M top pattern, and the measured move from that structure targets the 40 area. Volume is drying up on the bounce, which typically precedes a breakdown.
The risk-reward for a short here is compelling if you're surgical with entries. Are you betting on a breakdown or expecting a fakeout?
Not financial advice. Always manage your risk.
#HYPE #ShortSetup #Bearish #Mtop #Crypto
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Target: 40 🚀
This is a setup worth watching. While the rest of the market is getting hammered, $HYPE is stubbornly holding its ground. But the daily chart has painted a textbook M top pattern, and the measured move from that structure targets the 40 area. Volume is drying up on the bounce, which typically precedes a breakdown.
The risk-reward for a short here is compelling if you're surgical with entries. Are you betting on a breakdown or expecting a fakeout?
Not financial advice. Always manage your risk.
#HYPE #ShortSetup #Bearish #Mtop #Crypto
⚡
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