Everyone is watching the explosion, but $HYPE /USDT is quietly setting a trap.
$HYPE - SHORT
Trading Plan:
Entry: 28.90504 – 29.141784
SL: 29.733646
TP1: 28.313178
TP2: 28.076434
TP3: 27.602945
Why is this setup?
The 4H chart shows a perfect rejection at the high of the range. RSI on lower time frames has started to cool off from being overbought, indicating that the rally is losing momentum. The entry area has been defined, with a tight stop above the recent high.
The Debate:
Is this the final shake before a real drop, or will the range hold again?
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HYPEUSDT
Perp
29.48
-0.71%