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$HYPE – Seller volume climbing, 1-hour buyers about to get trapped
Trading Plan Short $HYPE
Entry: 41.94 – 43.90
SL: 42.17
TP: 41.51
TP: 41.05
TP: 40.59
The 1-hour chart shows increasing selling pressure with each rejection, and once sellers fully absorb the remaining bid liquidity, a hard dump should surge right through the recent buying zone. The move down has been steady, with each attempt to bounce getting met with more selling. This suggests a strong bearish trend is in place.
Trade $HYPE here 👇