HYPE has a 4-hour bearish signal, but why am I still hesitating?



$HYPE /USDT - SHORT

Trading plan:
Entry: 60.20 – 60.46
SL: 61.61
TP1: 59.37
TP2: 58.73
TP3: 57.76

Why focus on this structure?
- Current HYPE price is 60.33; the 15-minute RSI is only 59.89, not overbought, and bearish momentum is insufficient.
- The 4-hour EMA suggests a bearish bias, but the daily chart is still ranging, and the direction hasn’t been confirmed.
- Key resistance is 61.61 (SL). If it breaks out, the short thesis is invalid; support below at 59.37 is the first target.
- Why now? In a ranging market, short trades need clearer signals—e.g., the 15-minute RSI breaking below 50.

Discussion:
Will this short hit TP2 first at 58.73, or will it get stopped out at 61.61? Share your thoughts.
HYPE4.07%
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