HYPE is looking juicy for a short, got a solid setup shaping up. Price just broke down from a key level, looks like the bulls are losing control.

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🔴 HYPE SHORT 📉

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📍 Entry Range: $62.2137 – $62.3383

🛑 Stop Loss: $64.1443 (-3.0%)

🎯 TP1: $61.3419 (+1.5%)

🏆 TP2: $59.1622 (+5.0%)

⚡ R/R Ratio: 1:1.7

📊 Confidence: 69%

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This HYPE short setup is triggered by a clean market structure break, plus we've got an order block and a point of interest confluence with the fair value gap overlap - it's a pretty sweet combo. The chart is painting a picture of a potential reversal, and with these signals firing, it's worth a shot. Overall structure looks fragile, so a short could work out nicely.

With a 3.0% stop loss, it's a bit on the tighter side, so I'd say 2-3x leverage is about right to keep risk in check.

If we get a decent move down to the first target, might take some profits off the table to lock in some gains and ride the rest out.

Not financial advice — always manage your own risk 🙏

#HYPEUSDT $HYPE #SMC #Write2Earn #Binance