$HYPE

HYPEUSDT

Perp

24.72

-7.58%

🔴 Trade Setup: SHORT Position

Trend Context:

- 1H & 4H MACD: Bullish momentum slowing (MACD histogram shrinking).

- Stochastic RSI: Overbought zone (85–88), signaling potential downward reversal.

- SAR: Dots below price, but nearing flip zone.

- Candlestick Action: Price rejected from 29.564 high, forming lower highs — early signs of trend reversal.

🎯 Entry Zone:

Sell between 27.30 – 27.40

🎯 Targets:

- TP1: 26.65 (recent 5min low)

- TP2: 26.20 (24h low)

🛑 Stop Loss:

- SL: 27.90 (above recent peak and SAR resistance)

⏳ Timeframe:

Short-term (scalp or intraday swing)

✅ Trend Bias:

Bearish Reversal — confirmation from volume drop and MACD cross.