HYPE/USDT (15m) Trade Plan

$HYPE ‌#SummerCreationCamp
Market Structure
Trend: Short-term bearish.
Price is trading below the MA5, MA10, MA30 and EMA levels, indicating sellers remain in control.
MACD is flat but slightly bearish, suggesting weak momentum.
KDJ has rolled over from higher levels, signalling further downside risk unless buyers reclaim resistance.
Key Levels
Support 1: 55.50
Support 2: 55.20
Resistance 1: 56.00
Resistance 2: 56.30–56.40
Long Setup
Entry: 55.45–55.60 (only if support holds and a bullish candle forms)
Stop Loss: 55.15
Take Profit 1: 56.00
Take Profit 2: 56.35
Take Profit 3: 56.80
Short Setup
Entry: 55.90–56.10 (on rejection from resistance)
Stop Loss: 56.40
Take Profit 1: 55.50
Take Profit 2: 55.20
Take Profit 3: 54.80
Trading Strategy
The bias remains bearish while price stays below 56.10–56.30.
A break below 55.50 could accelerate selling toward 55.20 and 54.80.
If buyers reclaim 56.30 with strong volume, bearish pressure weakens and a recovery towards 56.80–57.20 becomes more likely.
Risk Management: Risk no more than 1–2% of your trading capital on a single trade and wait for candle confirmation before entering.