$HYPE REJECTING SUPPLY ZONE WITH HIGH CONVICTION SHORT 🔴
Entry Zone: $72.20 - $73.80 🔥
Target: $67.80 🚀
Stop Loss: $76.00 ⚠️
Price just tapped the dense supply area between $72.20 and $73.80 and rejected hard with long upper wicks and a bearish engulfing candle on the 4H. Lower highs structure is intact and volume confirms distribution. This is a textbook short setup.
The SL at $76 is tight above the recent high, giving a clean risk-to-reward into the first demand zone at $67.80. Shorting HYPE at this supply rejection or staying aside?
Not financial advice. Always manage your risk.
#HYPE #ShortSetup #SupplyZone #Distribution #Crypto
🔴
Entry Zone: $72.20 - $73.80 🔥
Target: $67.80 🚀
Stop Loss: $76.00 ⚠️
Price just tapped the dense supply area between $72.20 and $73.80 and rejected hard with long upper wicks and a bearish engulfing candle on the 4H. Lower highs structure is intact and volume confirms distribution. This is a textbook short setup.
The SL at $76 is tight above the recent high, giving a clean risk-to-reward into the first demand zone at $67.80. Shorting HYPE at this supply rejection or staying aside?
Not financial advice. Always manage your risk.
#HYPE #ShortSetup #SupplyZone #Distribution #Crypto
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