$BTC 15m · Hyperliquid perps @fomo Price is currently trading inside a triangle / rising wedge. The 200 EMA is pressing from above while we have rising support from below. On top of that, price just ran into the golden ratio (0.618 Fib) another strong confluence level that can act as a rejection trigger. The previous sell-off came with increasing volume, and that volume only got stronger. This suggests sellers are in control and another push down looks very likely. Short setup 1:2.4 Stop above the local resistance / EMA, target lower based on the structure. Anyone looking to try perps here’s a clean idea based on structure + Fib confluence. Waiting for a break of the lower boundary + volume confirmation for entry. Not financial advice. Trade at your own risk.