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$HYPE (1H) - Bearish Breakdown Rejection
Bias: Short
Entry (Zone): 59.80 - 60.15
Targets:
TP1: 58.90
TP2: 58.10
TP3: 57.20
Stop Loss: 61.05
Why this Setup:
I’m looking to fade the failed bounce into the 60 area because price has rolled over hard after a lower-high formation. I want a clean rejection back below 60, since that keeps the short-term structure weak and opens a move toward the prior support levels around 58 and 57.