HYPEUSDT – Bearish Breakdown Setup....

Jun 19

HYPEUSDT – Bearish Breakdown Setup
HYPEUSDT is trading below the descending trendline and struggling to reclaim the highlighted resistance zone. The recent consolidation near support appears to be forming a bearish continuation structure, while sellers continue to defend the breakout area.
Price remains under pressure, and a confirmed breakdown below the current support region could trigger another impulsive move to the downside. The overall market structure favors bears unless buyers reclaim the breakout zone with strong momentum.
Targets: 🎯 TP1: 63.00
🎯 TP2: 61.00
🎯 TP3: 59.00 (Main Target Zone)
Stop Loss: 🔴 Above 69.00 resistance zone
Market Bias: 📉 Bearish
Key Levels: • Resistance: 68.50 – 69.00
* Support: 65.50 – 66.00
* Major Target Zone: 59.00 – 60.00
Analysis: The descending trendline, repeated rejections from resistance, and weak bullish momentum suggest that sellers remain in control. A decisive break below support could open the path toward the lower liquidity zones around 63.00 and 59.00. As long as price stays below the breakout structure, the bearish outlook remains valid.

Jun 19

Trade active

active now

Jun 23

Note

1st target done

Jul 3

Trade closed: target reached

all target done