$HYPE — Still Capped Under Supply | Bearish Bias Intact 📉

$HYPE continues to press into a clear supply / resistance zone but gets rejected on every push higher. Upside momentum is fading, and the overall structure still looks corrective following the prior drop.

This setup allows a bit more room for volatility, while maintaining a bearish bias as long as price stays below supply.

Trade Setup (SHORT)

📍 Entry Zone: 30.6 – 31.6

🛑 Stop Loss: 32.5

Take Profit Targets

🎯 TP1: 29.2

🎯 TP2: 27.6

🎯 TP3: 25.8

Technical Notes • Price capped under strong supply

• Repeated rejections at resistance

• Momentum weakening on the upside

• Bias remains bearish below supply

Patience is key here — let price come to you. As long as resistance holds, rallies look like selling opportunities.

📊 Risk management first. Always.

$HYPE

HYPE
HYPEUSDT
29.1
-9.92%

#ShortTrade #CryptoAnalysis #BinanceSquare #PriceAction