HYPE breaks 71.69, has the bulls' rallying call sounded?



$HYPE /USDT - LONG

Trading Plan:
Entry: 71.50 – 71.88
SL: 69.82
TP1: 73.09
TP2: 74.02
TP3: 75.43

Why pay attention to this structure?
- The daily trend is clearly bullish, the 4-hour EMA is aligned bullish, and the bullish momentum has not exhausted.
- The 15-minute RSI is 60.33, just exiting the overbought zone, and a retrace to the 71.50-71.88 range is an excellent secondary entry point.
- The 1-hour ATR is only 0.78, volatility is low, and breaking the previous high of 73.09 only requires one bullish candle.

Discussion:
Will this LONG first reach TP2 at 74.02, or will it be a bull trap retracing to 69.82?
HYPE-1.74%
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