š¤ $HYPE Is Still in a Downtrend ā Donāt Fight It Yet
Price keeps making lower highs and lower lows. Every bounce gets sold.
Until $HYPE breaks that big descending trendline, all rallies are justā¦ exits for smarter people.
So hereās the plan:
āø»
š“ SHORT SETUP (the easier, higher-probability trade)
This is the trade with the trend, not against it.
š Short Entry Zone: 27.50 ā 28.30
Perfect confluence of supply + trendline rejection.
ā Stop Loss: 29.90
If price gets above this, bears lose control. Simple.
šÆ Take Profits:
ā¢ TP1: 25.00
ā¢ TP2: 22.19 (major demand)
ā¢ TP3: 20.50 (if things get ugly)
Why short here?
Because this zone keeps slapping price down. No breakout, no bullish hope.
āø»
š¢ LONG SETUP (only if the market actually shows strength)
This one is NOT active unless the trend truly shifts.
š Long Entry: After a breakout + retest ABOVE 29.80
No breakout, no trade. Donāt try to be a hero.
ā Stop Loss: 28.20
šÆ Targets:
ā¢ TP1: 34.80
ā¢ TP2: 36.30
ā¢ TP3: 42.50 (if momentum sticks)
This is the āokay, maybe bulls are actually aliveā setup.
āø»
š« Avoid Trading Inside 24.50 ā 26.50
This area is where liquidity gets harvested and traders get chopped into emotional bits.
Let the market pick a direction first.
āø»
š§ Final Take (Trader to Trader):
Right now, the short setup is the cleaner one.
The long setup only activates if we get a real breakout ā not a fake wick.
Trade what the chart is showing, not what you wish it would do.
#hype #MarketRebound #Hyperliquid
