📉 $HYPE — Bearish Continuation Setup

$HYPE is losing momentum after a failed bounce, and the broader downtrend remains intact.

Current Price: $26.12 (−1.7% 24H)

Price is trading below EMA 7 / 25 / 99 on the 1H chart, confirming sustained bearish control.

📊 Technical Outlook ‱ Repeated failures to reclaim the EMA cluster

‱ Weak bounce structure

‱ Sellers defending the $26.7–$27.0 supply zone

As long as price stays below this EMA resistance, downside continuation is favored.

📉 SHORT Setup đŸ”» Entry: $26.40 – $26.70

🎯 Targets:

‱ TP1: $25.70

‱ TP2: $25.10

‱ TP3: $24.30

🛑 Stop Loss: $27.20

⚠ Invalidation:

A strong bullish reclaim and hold above $27.0 would weaken the bearish bias and require reassessment.

Discipline > emotion. Trade the structure, not the noise.

Trade $HYPE on Binance 👇

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