HYPE short signals just flashed—does the 60 level become the last line of defense?



$HYPE /USDT - Short

Trading plan:
Entry: 59.895 – 60.171
SL: 61.356
TP1: 59.040
TP2: 58.379
TP3: 57.386

Why focus on this structure?
- The 4H timeframe is clearly set to SHORT, with confidence at 55.4; the 1D trend is in a ranging/sideways zone, not a one-way move.
- Current price 60.033 is tightly testing EMA resistance; the 15M RSI at 60.8 is not overbought, so shorts still have room to push lower.
- Why now? The top of the range is under pressure; TP1 at 59.040 is only 1.6% away from the current price, with a reasonable risk-reward ratio.

Discussion:
Should this move first target a TP1 pullback, or is it a direct breakdown that’s meant to trap shorts?
HYPE2.54%
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