$HYPE — SHORT
Entry: 28.7 – 29.4
Stop Loss: 31.0
Targets:
TP1: 27.4
TP2: 26.1
TP3: 24.8
Rationale
Lower High Confirmation: Price tapped into prior supply near the $30.00 psychological level and instantly stalled, confirming a lack of follow-through.
Momentum Decay: MACD histogram remains below zero on the H4 timeframe, signaling that the current path of least resistance is downward.
Distribution Pattern: High-volume churn at local resistance without price expansion suggests institutional sell-side absorption.
Structural Weakness: Failure to establish $30.00 as a base increases the probability of a flush toward the $24.00 liquidity pocket.
DARIX DISCIPLINE:
Control emotional psychology and allocate 5-10% account risk.
Follow the plan
Manage risk
Trade together
"One Arrow, One Target." Follow me!
Trade $HYPE here 👇
