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I’m watching $HYPE for a short here.
HYPE rejected from $82.47 and has been making lower highs on the 1H chart. The bounce from the $78.5 area looks weak so far, so I’m watching for sellers to step back in around current resistance.
Entry: $79.20–$79.60
Targets:
TP1: $78.60
TP2: $77.80
TP3: $76.70
Stop: $80.15
For me, $79.60–$80.15 is the key zone. If HYPE keeps getting rejected below it, continuation lower still makes sense. A strong reclaim above $80.15 would invalidate the setup.
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