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$HYPE (1H) - Resistance Rejection Short
Bias: Short
Entry (Zone): 62.8 - 64.6
Targets:
TP1: 60.4
TP2: 58.8
TP3: 56.2
Stop Loss: 65.6
Why this Setup:
I see price stalling into the 64 area after a strong rebound, and the upside momentum is fading as it starts to roll over. I want to short the rejection from this resistance zone and look for a move back toward the prior support levels if sellers regain control.