HYPE 4-hour bearish trap, RSI 40.9 reveals downside room.



$HYPE /USDT - SHORT

Trading plan:
Entry: 60.581 – 60.805
SL: 61.765
TP1: 59.889
TP2: 59.353
TP3: 58.549

Why watch this setup?
- 15-minute RSI is only 40.9; bearish momentum hasn’t been released yet.
- The 4-hour EMA support at 60.693, with TP1 directly targeting 59.889, risk-reward ratio 1:2.
- The daily trend is ranging; right now is a short-selling window.

Discussion:
Will this hit TP2 first, or is it a bull trap bounce?
HYPE-0.13%
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