HYPEUSDT is showing signs of exhaustion near the 37.275 resistance level — an area where price has repeatedly failed to break higher. A short setup is in play, anticipating a rejection from this zone with downside potential toward key support.
Stop loss is placed above the previous swing high to protect against false breakouts, while take profit targets a clean support zone near recent consolidation.
🧩 Trade Setup:
- Entry: 37.275
- Stop Loss: 37.710
- Take Profit: 35.772
🔢 Risk:Reward Ratio:
- Risk: 37.710 − 37.275 = 0.435
- Reward: 37.275 − 35.772 = 1.503
- Risk:Reward: 1 : 3.45 ✅
🧠 Market Bias:
Short-term bearish reversal from resistance
📍 Setup Context:
-Price retesting major resistance zone
-Loss of momentum in uptrend
-Strong support level below
Stop loss is placed above the previous swing high to protect against false breakouts, while take profit targets a clean support zone near recent consolidation.
🧩 Trade Setup:
- Entry: 37.275
- Stop Loss: 37.710
- Take Profit: 35.772
🔢 Risk:Reward Ratio:
- Risk: 37.710 − 37.275 = 0.435
- Reward: 37.275 − 35.772 = 1.503
- Risk:Reward: 1 : 3.45 ✅
🧠 Market Bias:
Short-term bearish reversal from resistance
📍 Setup Context:
-Price retesting major resistance zone
-Loss of momentum in uptrend
-Strong support level below
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.