🚨 TRADE ALERT: $HYPE – SHORT SETUP ACTIVE
HYPEUSDT (Perp, 1W timeframe) is showing continued bearish structure after failing to reclaim key resistance.
📉 Market Structure:
• Clear downtrend from 59,630 high
• Lower highs & lower lows intact
• Weekly price still below EMA(25)
• EMA(7) acting as dynamic resistance
• RSI hovering around 40 → weak momentum, no bullish divergence
🔻 Current Price: ~26.75
🔻 Rejection near short-term bounce zone
🔻 Volume declining on recovery → weak buyer strength
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🎯 Short Bias Plan
📌 Entry Zone: 27.0 – 28.5 area (rejection zone)
📌 Target 1: 24.0
📌 Target 2: 21.0
📌 Target 3: 20.5 (previous weekly low)
🛑 Invalidation: Weekly close above 32.5
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🧠 Why Short?
✔ Trend is still bearish on higher timeframe
✔ Price below key moving averages
✔ No strong bullish structure shift
✔ Bounce looks corrective, not impulsive
Momentum favors continuation to downside unless structure flips.
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⚠️ Risk Management First.
Use proper position sizing. Don’t overleverage.
#HYPE #Crypto #ShortSetup #TechnicalAnalysis #Perp