$HYPE Short Selling Trading Plan on the Right Side | Trend Following Trading Record

1. Market Structure Qualitative Analysis

The asset effectively broke below the key support level, with the bears pushing down to 67.38, completing the first round of bearish release; the current price has weakly rebounded to 68.36, but the rebound did not create a new high for the stage, indicating insufficient bullish momentum; the clear resistance level above is 69.3, which is a pullback under pressure after a breakout, dominated by a bearish trend, executing a trend-following rebound short sell.

2. Trading Parameters

- Entry: 69.3 (strong resistance level) Enter short position under pressure

- Stop Loss: 71.3 (new high for the stage)

- First Take Profit: 64.6 (short-term structural support, reduce position and lock in profits)

- Ultimate Take Profit: 61.9 (core target for downward trend)

3. Core Trading Logic (Pure Structural/Technical Terms)

1. Support Break Logic: The previous key support was effectively broken by the bears, support turned into resistance, the market shifted from bullish/oscillating to bearish dominance, prioritizing short positions following the trend.

2. Rebound Resistance Logic: After decline, a technical rebound occurred but did not form a new high, indicating bullish momentum exhaustion; 69.3 is a strong resistance zone for the rebound, a standard entry point for bears to re-engage, typical resistance under pressure for short selling.

3. Stop Loss Risk Control Logic: Stop loss set at the new high of 71.3, serving as a false breakout filter; if the price breaks above the new high, it indicates the bearish structure has failed, the trend reverts to bullish, and strict stop loss is used to avoid trend misjudgment risks.

4. Partial Profit-Taking Logic: 64.6 is a short-term structural support; upon reaching it, reduce positions to lock in profits and protect capital; remaining positions hold in anticipation of the continuation of the bearish trend, targeting the ultimate goal of 61.9.

4. Execution Discipline

1. Do not enter early or chase shorts if the rebound does not reach the 69.3 resistance level;

2. If the price breaks above 71.3 to new highs, the bearish logic is invalidated, no holding through, no adding to positions to dilute costs;

3. Upon reaching 64.6 for the first take profit, forcibly reduce positions, move the remaining position to breakeven stop loss, and hold for the target of 61.9;

4. Follow the trend throughout, do not subjectively bottom fish, strictly execute the trading plan.