They’re calling it a range🤦… but momentum is starting to tilt.
$HYPE /USDT – SHORT Setup
Entry: 28.768 – 29.029
SL: 29.681
TP1: 28.116
TP2: 27.855
TP3: 27.334
Why this setup?
4H structure is leaning bearish and looks ready for downside continuation. The 15m RSI sitting near 31 shows momentum pressure — not strength. In range conditions, oversold RSI can bounce… but when structure is weak, it often signals expansion to the downside.
The 1D is still range-bound, but this could be the breakdown leg that sweeps liquidity below range lows.
Key Level:
As long as price stays below 29.68, sellers keep control. Reclaim above that invalidates the short idea.
Debate:
Is this RSI oversold reading bait for late shorts… or the calm before the drop toward 28.12?
Manage risk. Let structure confirm.
#hype #BinanceBitcoinSAFUFund #USIranStandoff #WhaleDeRiskETH #USRetailSalesMissForecast