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Hyperliquid — Short Setup 📉⚡
$HYPE is showing weakness after failing to sustain higher levels, with price rejecting from the upper range and momentum starting to shift back in favor of sellers on the short-term timeframe. As long as price stays below resistance, downside continuation remains in play.
🔻 Position: Short
🔻 Entry Zone: 43.5 – 44.0
🔻 Stop Loss: 46.2
🔻 Leverage: 20x (max)
🎯 Take Profit Targets:
• TP1: 42.0
• TP2: 40.5
• TP3: 39.0
Structure suggests distribution after the recent push, with sellers attempting to regain control. A clean rejection from the entry zone strengthens bearish continuation, while a break above 46.2 would invalidate the short setup and shift momentum back to bulls.
$HYPE #GateSquareMayTradingShare