🎯$HYPE upside capped as sellers regain short-term control.
SHORT: HYPE
Entry: 28 – 30
Stop-Loss: 32.0
TP1: 27.6
TP2: 25.9
TP3: 24.2
HYPE continues to struggle beneath local resistance, with recent rebounds failing to generate sustained follow-through. The move higher appears corrective in nature, as supply consistently steps in to absorb upside momentum.
Lower highs are beginning to form within the current structure, reflecting a gradual shift in control back to sellers. Downside rotations are gaining clarity, while recovery attempts remain shallow and short-lived. If resistance remains firm, liquidity below recent swing lows becomes the logical downside objective.
As long as 32.0 remains intact as the invalidation level, the setup favors continued downside expansion toward the projected targets.
Trade $HYPE here 👇
