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$HYPE (1h) - Resistance Rejection Short
Bias: Short
Entry (Zone): 57.80 - 59.20
Targets:
TP1: 55.40
TP2: 53.20
TP3: 50.80
Stop Loss: 60.40
Why this Setup:
I’m looking for a short here because price has been losing momentum after a sharp down move and is now retesting a nearby resistance area. I want to fade any weakness into that zone and ride a continuation lower if buyers fail to reclaim the recent highs.