$HYPE is shaping up like a potential lower high — the push up lacked conviction and failed to show real expansion.
Trading Plan — Short $HYPE
Entry: 28.7 – 29.4
SL: 31
TP1: 27.4
TP2: 26.1
TP3: 24.8
Price rotated back into a previous supply zone and immediately began to stall. The bounce didn’t carry strong volume or follow through, which suggests buyers are struggling to take control.
Each attempt to press higher has been met with selling pressure, reinforcing the idea that this move is corrective rather than impulsive.
Market structure continues to favor the downside, with highs being defended and upside momentum fading quickly.
As long as price remains capped below the 30 level, the probability leans toward continuation lower.
If this lower high confirms and sellers step in with expansion, I’ll be targeting the liquidity pool resting beneath the recent swing lows.
Risk management remains key the invalidation is clear above 31, and as always, I’ll adjust stops accordingly if momentum accelerates in favor of the trade.
