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$HYPE (1h) - Bearish Rejection
Bias: Short
Entry (Zone): 68.20 - 68.80
Targets:
TP1: 66.95
TP2: 66.25
TP3: 65.20
Stop Loss: 69.45
Why this Setup:
I’m fading the failed push back into the 68.5 to 69 area because price keeps rejecting from the recent lower highs and the move still looks corrective after the break down from 72+. I want a clean intraday pullback short with room to retest the 67 and 66 supports if sellers stay in control.