$HYPE

HYPEUSDT

Perp

33.14

+12.77%

/ Hyperliquid Perp – Sell-the-Rally Setup 📉

Price has bounced hard from 27.4, but the rebound is now retracing into prior supply around 32.0–32.9. Momentum is cooling as it pushes higher, and risk of rejection increases below the range high. This favors a fade of strength, not chasing weakness.

Bias: SHORT

Trade Plan

Entry: 31.9 – 32.6

Stop Loss: 33.2

Targets:

TP1: 30.6

TP2: 29.6

TP3: 28.4

Read: As long as price fails to hold above 32.9, a pullback toward the value area remains the higher-probability path. A clean reclaim and acceptance above 33.2 invalidates the idea.

Fade strength only, keep risk tight, and let price confirm.#CZAMAonBinanceSquare #USPPIJump #USGovShutdown #BitcoinETFWatch