$HYPE - SHORT
On the global (4h) and local timeframes (1h, 15m), a steady bearish trend remains in place. After an impulse breakdown of the structure (BOS/CHoCH), the price formed a resistance zone and is trading within a declining order flow. A short position is prioritized on a local pullback into the supply zone.
Entry Zone: 59,500 – 60,000 USDT
(shorts are initiated on a retest of the bearish Order Block zone and FVG on the hourly timeframe).
TP: 56,500 – 57,000 USDT
(profit taking at the key support zone and local lows).
SL: 60,600 USDT
(set above the nearest local high/BOS; if the price closes above this level, the current structure will be broken and the bearish setup will be invalidated).
On the global (4h) and local timeframes (1h, 15m), a steady bearish trend remains in place. After an impulse breakdown of the structure (BOS/CHoCH), the price formed a resistance zone and is trading within a declining order flow. A short position is prioritized on a local pullback into the supply zone.
Entry Zone: 59,500 – 60,000 USDT
(shorts are initiated on a retest of the bearish Order Block zone and FVG on the hourly timeframe).
TP: 56,500 – 57,000 USDT
(profit taking at the key support zone and local lows).
SL: 60,600 USDT
(set above the nearest local high/BOS; if the price closes above this level, the current structure will be broken and the bearish setup will be invalidated).