$HYPE Trading Strategy: Short Bias
Market Context: The recent rally has pushed $HYPE into a major overhead supply zone where sellers are expected to step in.
Liquidity Hunt: Keep an eye out for a potential final sweep of the local highs to grab liquidity before the actual reversal happens.
Execution Criteria: If buyers fail to hold higher ground inside this resistance block, market structure favors a downside rotation into lower demand pockets.
Trade Parameters:
Entry: 68.4 – 70.4
Stop Loss: 75.5
Take Profits: TP1: 66.2 | TP2: 64.8 | TP3: 63.1
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