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SHORT SETUP $HYPE
Entry: 69.0 - 70.0
TP1: 67
TP2: 64
Stop Loss: 72
Following its explosive rally and fresh all-time high, HYPE is beginning to show early signs of profit-taking pressure.
Selling activity is increasing at higher levels.
Bullish momentum is starting to cool after an extended run.
Short-term traders appear to be locking in gains after the recent breakout.
A wave of profit-taking after such a strong move is a natural part of market behavior, especially after a period of intense optimism and momentum-driven buying.
If bulls fail to maintain control and selling pressure continues to build, HYPE could enter a short-term correction phase, seeking lower liquidity zones and resetting market structure before the next major move.
This is a reference setup only, not financial advice. Always manage risk carefully and use leverage responsibly.
#OKXPizzaDay
#HYPEShortSqueezeWatch
$HYPE
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