⚠️ $HYPE Rejected from Distribution Zone 📉🔥
🔴 SHORT $HYPE Setup
📌 Entry: $30.5 – $31.1
🛑 SL: $33.6
🎯 TP1: $28.9
🎯 TP2: $26.4
🎯 TP3: $23.5
$HYPE has pushed back into a previously rejected resistance zone after the recent bounce. 📊
Upside momentum is slowing, and price is struggling to establish strong acceptance above this area — a clear sign that sellers are defending supply.
If the structure starts forming lower highs, downside continuation becomes the higher-probability move. 📉
❌ This short idea becomes invalid if price reclaims and holds above resistance.
⚠️ Risk Reminder: Markets move fast — always protect your capital with a proper stop loss.
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HYPEUSDT
Perp
31.79
+8.02%