📉 Trade Setup: Shorting $HYPE
$HYPE is currently testing a heavy supply zone, with every attempt to breakout meeting sharp rejection. Momentum is visibly fading, and the current price action looks like a corrective bounce before the next leg down. Giving this one some breathing room with a wider stop to handle the volatility.
Entry : 30.6-31.5
Stop : 32.5
TP 1 : 29.2
TP 2 : 27.6
TP 3 : 25:8
🔍 Strategy Note
The bearish bias remains firmly in tact as long as we hold below the resistance. This setup is designed to capture the rejection from the top of the range. Manage your risk accordingly.
Trade 👇$HYPE Here
HYPEUSDT
Perp
32.27
-0.02%