$HYPE is sharply declining after a strong rally, and I see this decline as a cooling off of the classic momentum, not a trend failure. The price has moved from the $27 zone to near $35, attracting above-side liquidity, and is now dropping quickly to reset the structure. This type of movement often clears out late investors and sets the stage for the next decision.

I am monitoring the 1H structure, and this sell-off is quite intense, but it is approaching a very important demand zone. The candles are lengthening downward, but momentum is beginning to contract near the previous consolidation area. This is the time I slow down and look for a reaction, not panic.

Entry Point
I plan to enter between $30.80 – $31.30. This zone aligns with previous support and the bottom of the last impulse wave. I want to see the price respect this zone and stop declining.

Targets
TP1: $32.80 – initial response and intraday resistance
TP2: $34.20 – previous rejection zone
TP3: $35.60 – continue to extend if momentum shifts to bullish

Stop Loss
My stop loss is below $29.90. A clear break below this level means the structure is no longer valid, and I will exit without hesitation.

How to Make It Feasible
I chose this setup because the higher timeframe structure remains strong, the pullback has cleared liquidity, and the price is currently reacting near a major demand zone. If buyers defend here, a return to the highs is very realistic. The risk is defined, the structure is clear, and the reward justifies the trade.

I stay calm, monitor the chart, and let the price confirm my idea.

Let’s get started and Trade now $HYPE