HYPE short alert, the 4-hour timeframe has turned red



$HYPE /USDT - SHORT

Trading plan:
Entry: 59.657 – 60.051
SL: 61.747
TP1: 58.434
TP2: 57.488
TP3: 56.068

Why focus on this setup?
The 1D trend is ranging, but the 4-hour chart has issued a SHORT signal (confidence 55.4). RSI on the 15-minute timeframe is 46.36, weak and not oversold. Entry reference: 59.854. TP1 targets 58.434, TP2 looks at 57.488. SL is set strictly at 61.747, with a favorable risk-reward. Why now? Because the 1-hour EMA is capping price, the rebound lacks strength, and short momentum is building.

Discussion:
Will this HYPE move first dump to TP2, or will it fake a breakdown and then violently rebound?
HYPE-1.77%
View Original
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned