The HYPE short is already placed— is the 60 level the ceiling of this move?



$HYPE /USDT - SHORT

Trading plan:
Entry: 59.668 – 60.010
SL: 61.480
TP1: 58.608
TP2: 57.788
TP3: 56.557

Why focus on this structure?
- Clear direction on the 4-hour timeframe: SHORT, confidence 55.4, not ambiguous.
- Current price 59.839, hovering near the 1-hour EMA; the 15-minute RSI is only 49.67, momentum is weak.
- Best entry zone 59.668-60.010; TP1 targets 58.608, TP2 at 57.788, with an attractive risk-reward.
- Why now? The daily chart is in a consolidation range; the 4-hour bearish signal has just activated, and the lack of rebound strength is the entry timing.

Discussion:
Will this move reach TP2 first, or will it lure a long squeeze that breaks above the SL? Drop your views in the comments.
HYPE-1.63%
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