$HIPPO Sniper Strategy: Vulnerable Extension
Market Context: $HIPPO is currently squeezing into resistance after a fast, reactive pop. This extension looks highly vulnerable as the spike lacks a solid structural foundation.
Momentum Alert: While buyers pushed price up aggressively, momentum faded quickly. Candles are now stalling near supply with no real acceptance above the recent highs.
Trading Plan: SHORT $HIPPO (max 10x)
Entry Zone: 0.000760 – 0.000810
Stop-Loss (SL): 0.000880
Target 1 (TP1): 0.000720
Target 2 (TP2): 0.000660
Target 3 (TP3): 0.000590
Trade Logic:
The move up appears to be thin expansion. If sellers lean into this resistance zone, the asset could rotate lower rapidly as late long positions get trapped. Manage risk with a strict stop-loss.
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