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$HYPE (1h) - Bearish Rejection
Bias: Short
Entry (Zone): 39.20 - 40.10
Targets:
TP1: 38.20
TP2: 36.90
TP3: 34.80
Stop Loss: 41.30
Why this Setup:
I’m seeing price failing to recover after a sharp breakdown, with momentum still leaning lower and intraday bounces getting sold into. I want to fade any weak push back into the 39.2 to 40.1 resistance area for a continuation move toward the recent lows and then deeper downside if sellers stay in control.
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