$HYPE — Bearish Rejection at Resistance
$HYPE is approaching a well-defined resistance zone where upside momentum is beginning to weaken. After a sharp advance, price action is showing signs of exhaustion as sellers step in to defend this area.
Trade Setup: SHORT
Entry: 34.3 – 35.4
Stop Loss: 37.4
Take Profit 1: 32.1
Take Profit 2: 30.7
Take Profit 3: 29.4
Technical Rationale:
Price is pushing into a clear rejection zone following an impulsive move higher. Momentum is stalling, suggesting buyers are losing control at this level. With unfilled liquidity resting near the prior base, a retracement toward lower levels presents a higher-probability scenario. As long as price remains below resistance, the path of least resistance favors a move to the downside.
HYPEUSDT
Trajne ter. pog.
33.93
+2.06%