HYPE 4-hour SHORT signal — who is quietly setting up a position?



$HYPE /USDT — short SHORT

Trading plan:
Entry: 60.57 – 60.81
SL: 61.80
TP1: 59.85
TP2: 59.30
TP3: 58.46

Why focus on this structure?
- The 15-minute RSI has dropped to 39.47, near oversold but not yet reversed—bear momentum is still being released.
- The 1-hour ATR is only 0.46, with volatility on the low side—suitable for a small stop-loss to aim for a larger move.
- Current price 60.69; TP1 = 59.85 (-1.4%), TP2 = 59.30 (-2.3%). The risk-reward ratio is over 2:1.

Discussion:
Will this move hit TP2 first, or will it wick down to bait shorts and then rebound?
HYPE0.14%
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