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HYPE short signals are already out—are you brave enough to catch this wave of downside?
$HYPE /USDT - SHORT sell
Trading plan:
Entry: 61.071 – 61.305
SL: 62.309
TP1: 60.347
TP2: 59.786
TP3: 58.945
Why focus on this structure?
- The 4-hour cycle direction is clear: SHORT, confidence 55%, combined with the 1D ranging pattern, bears have the edge.
- Entry reference at 61.188, RSI on the 15-minute chart is 62.85; it hasn’t reached overbought yet, so there’s still room for downside.
- TP1 60.347, TP2 59.786, stop loss 62.309; the risk-reward ratio is clear—why now? Because resistance near the top of the range has shown up, and short-term momentum is weak.
Discussion:
Will HYPE hit TP2 first on this move, or is this a bull trap rebound? What do you think?