📉 $HYPE Analysis: Rejection at the Top – Short Opportunity!
$HYPE has enjoyed a massive rally, but the momentum is finally hitting a brick wall. We are seeing strong price rejection at the recent highs, suggesting the bulls are exhausted and a correction is imminent.
⚡ The Strategy
The risk-to-reward ratio looks solid here for a mean-reversion play. If the resistance holds, we expect a swift move down to test previous support levels.
Trade Type: Short / Sell
Entry Zone: $31.8 - 33.2
Stop Loss (SL): 35.0 (Strict)
🎯 Take Profit Targets
TP1: 30.5 (Secure partial profits)
TP2: 29.0 (Key psychological level)
TP3: 27.2 (Major support retest)
Risk Note: Always manage your leverage carefully. Volatility is high, so don't chase the entry if the price drops too fast before you get in.
#HYPE #cryptotrading #ShortSignal #TechnicalAnalysis #tradingtips
