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Everyone’s watching $HYPE /USDT—but the 15m RSI at 74.85 just screamed “overbought trap” to the bears.
$HYPE /USDT - LONG
Trade Plan:
Entry: 65.857 – 66.299
SL: 63.957
TP1: 67.668
TP2: 68.729
TP3: 70.319
Why this setup?
• 4h MTF confirms LONG bias with 95% confidence—bullish 1D trend is your tailwind.
• Entry zone at 66.078 (tight range: 65.857–66.299) with ATR 0.88 gives a clean risk/reward.
• Why now? RSI heat isn’t a reversal signal when the daily trend is bullish—it’s momentum squeezing shorts. TP1 at 67.668 is a 2.4% move, TP2 at 68.729 is the real target before the daily close.
Debate:
Are you fading the RSI spike or riding the 4h breakout to TP2 before the weekend?