$HYPE .is printing a textbook distribution pattern on the 1H chart.
$HYPE - SHORT
Trade Plan:
Entry: 28.67897 – 28.86551
SL: 29.33185
TP1: 28.21262
TP2: 28.02608
TP3: 27.65300
Why this setup?
#hype has rotated into a high-supply area and immediately showed hesitation. Buyers are clearly in over their heads at 28.772.
Invalidation at 30.378 remains the pivot. While price stays bid below this resistance, we look for a flush to 27.653.