🔴 $HYPE I’m looking for shorts here as price is showing weakness after failing to extend cleanly above the local resistance zone.
Short $HYPE
Entry: 39.28 to 39.45
SL: 39.72
TP1: 39.00
TP2: 38.72
TP3: 38.35
The sharp move up lost momentum near the highs, and the latest candles show sellers responding each time price tries to push higher. I’m watching $HYPE closely because this looks like a cooling structure after a strong impulse, with upside follow through starting to fade. If pressure builds below this area, I expect $HYPE to rotate lower and retrace part of the recent rally.
Trade here 👇