🚹 $HYPE – Overhead Supply Pressure

Price pushed into previous breakdown area, but momentum failed to expand. The move appears corrective — quick pop followed by immediate hesitation. Upper wicks signal rejection near 29, showing sellers defending the zone.

Bias: Bearish ⚡

Preferred Entry: 28.5 – 29.2

Targets:

TP1: 26.8

TP2: 25.2

TP3: 23.7

Stop Loss: 31 → above this, bullish structure would invalidate the bearish thesis.

MR REIGN Insight: If the supply holds, downside continuation toward mid-range liquidity is favored. Panic could drive deeper moves, but structure and risk management remain key.

$HYPE 👇short now #hype

HYPE
HYPEUSDT
26.39
-8.63%