HYPE's recent rebound looks fierce, but a closer look at the market reveals many flaws. From a technical perspective, the four-hour cycle surged to 26.296 and then started to face resistance and pull back. The RSI at this level has reached 57.584, approaching the resistance zone. The upper MA60 moving average is firmly stuck at 26.309, and the MACD red histogram shows a clear weakening in momentum. These are typical signals of main players offloading.

Currently, the price is at 25.704. In the short term, the short-selling opportunity is now apparent. It is recommended to set the stop-loss below the previous high of 26.296 for better risk control. As for targets, the first target is 25.300, and if the price continues to decline, the second target is 25.200.

For trend trades, patience is key—wait for the main players to complete their offloading. Short-term traders should avoid chasing the rally; historical experience shows that chasing high during such times is often the riskiest move. The smartest approach is to wait until the main players finish their offloading and the trend confirms downward movement before following the short position, capturing profits from the declining market.