HYPE shorts are ambushing— is 60.3 the ceiling or the launchpad?



$HYPE /USDT - SHORT sell

Trading plan:
Entry: 60.189 – 60.447
SL: 61.554
TP1: 59.391
TP2: 58.773
TP3: 57.846

Why focus on this structure?
- The 4H SHORT signal is triggered: the entry price 60.318 sits right on EMA resistance, and RSI on 15M is 58.8 without being overbought, still leaving room for downside.
- The 1D trend is ranging, with clear short targets: TP1 59.391 (-1.5%), TP2 58.773 (-2.6%), and the stop loss at 61.554 set just outside by 1.2%.
- Why now? ATR on 1H is only 0.515; volatility is tightening. Wait for a breakdown move that confirms a drop below 60.189 with volume.

Discussion:
Will this wave hit TP2 first, or is it a stop-hunt bounce up to 61.5 before getting smashed again?
HYPE3.28%
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