Will the HYPE longs be locked at 60.8?



$HYPE /USDT - SHORT sell

Trading plan:
Entry: 60.665 – 60.923
SL: 62.037
TP1: 59.862
TP2: 59.241
TP3: 58.309

Why watch this structure?
- 15-minute RSI 64.85 is approaching overbought, and the 1-hour EMA 60.794 forms strong resistance.
- The 4-hour direction is clearly bearish; the 1D trend is still ranging, but a SHORT signal has already appeared.
- Now entering: Entry 60.794, TP1 59.862, TP2 59.241, stop loss 62.037.
- Why now? RSI is high + EMA is capping; the probability of a short-term pullback is higher than a breakout.

Discussion:
Will this wave reach TP2 first, or is it a trap that triggers a rebound?
HYPE3.60%
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134Ceros
· 8h ago
This structure is fairly clear, with a high RSI and strong EMA resistance. However, be careful of the trap, because HYPE can fluctuate unexpectedly.
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