HYPE short signal has appeared, but do you really dare to chase it?



$HYPE /USDT - SHORT

Trading plan:
Entry: 59.880 – 60.178
SL: 61.464
TP1: 58.953
TP2: 58.235
TP3: 57.159

Why watch this structure?
• On the 4-hour timeframe, the bias is clearly bearish; EMA and RSI data support a short-term pullback.
• Current price is 60.029, close to the entry zone. TP1 is 58.953, with a reasonable risk-reward ratio.
• Why now? RSI on the 15-minute timeframe is 66.22; after being overbought, the probability of a pullback is high. The 1-day trend is ranging, which is suitable for short-term trading.

Discussion:
Will this move reach TP1 first, or will it break through TP3 directly?
HYPE1.21%
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