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<p>$BTC 15m · Hyperliquid perps @fomo 
 Setup Update

Price cleanly rejected from the level we were watching and dropped ~1%. That’s already the 1:1 of the original target (halfway there).

After the move down, price retested the 200 EMA + golden ratio (0.618) zone. That retest gave a second rejection  a solid spot for those who wanted to re-enter short inside the same area.

For scalpers, this was a clean entry for quick short trades off the confluence.

Original structure still holding: triangle/wedge under the 200 EMA with volume confirmation on the downside. Halfway to target so far.

Not financial advice. Trade at your own risk.</p>

$BTC 15m · Hyperliquid perps @fomo 
 Setup Update
Price cleanly rejected from the level we were watching and dropped ~1%. That’s already the 1:1 of the original target (halfway there).
After the move down, price retested the 200 EMA + golden ratio (0.618) zone. That retest gave a second rejection  a solid spot for those who wanted to re-enter short inside the same area.
For scalpers, this was a clean entry for quick short trades off the confluence.
Original structure still holding: triangle/wedg

$BTC 15m · Hyperliquid perps @fomo Setup Update Price cleanly rejected from the level we were watching and dropped ~1%. That’s already the 1:1 of the original target (halfway there). After the move down, price retested the 200 EMA + golden ratio (0.618) zone. That retest gave a second rejection a solid spot for those who wanted to re-enter short inside the same area. For scalpers, this was a clean entry for quick short trades off the confluence. Original structure still holding: triangle/wedge under the 200 EMA with volume confirmation on the downside. Halfway to target so far. Not financial advice. Trade at your own risk.

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