$HYPE 41.33 pressing down, first watch for a pullback


I'm continuing to lean bearish on $HYPE, with 41.33 being pressed down by two 1-hour candles that haven't broken above it. The current price is 41.09, still below resistance, so shorting has a decent risk-reward ratio. The idea is straightforward: set stop loss at 41.495, first target at 40.80, second target at 40.52, and take profits in stages when reached, avoiding stubbornness.
This trade isn't betting on a waterfall decline, mainly capturing the price difference from a "rise and fall" correction. If it suddenly recovers above 41.33 and stabilizes, I will admit I was wrong and exit.
HYPE3.52%
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