📊 $HYPE Short Setup — Resistance Pressure Building


Hyperliquid is now pressing into a heavy resistance zone, and price action is starting to show early signs of exhaustion after the recent push up. Momentum is slowing, and sellers are beginning to step in around the highs.
If this supply zone holds, we could see a clean rejection move unfold with a rotation back into lower liquidity areas.
📉 Trade Plan (Short Bias)
Entry: 38.2 – 40.2
SL: 42.0
TP1: 36.8
TP2: 34.8
TP3: 32.8
📌 Market Read:
Upside momentum is fading into resistance
Price is stalling in a supply pocket
Breakdown confirmation would accelerate downside move
Key level to watch: if $42 breaks, this setup is invalid and bullish continuation becomes dominant instead.
Stay disciplined — this is a reaction zone, not a trend-confirmed short yet.
#GateSquareMayTradingShare
HYPE-3.45%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin