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HYPE long signal 95%, but RSI is at 45—who’s faking the line?
$HYPE /USDT - GOING LONG
Trading Plan:
Entry: 66.953 – 67.269
SL: 65.589
TP1: 68.252
TP2: 69.013
TP3: 70.154
Why focus on this structure?
- 4-hour EMA support at 67.11; the intraday trend is bullish, and the main players are already in control.
- 15-minute RSI is only 45, indicating the short-term pullback is nearing the oversold zone—this is the best dip-buying window.
- The current price is stuck in a tight range of 67.11–67.27; once it breaks out with volume, it will accelerate.
- TP2 at 69.01; the risk-reward ratio is close to 3:1, and setting SL at 65.59 is very safe.
Discussion:
Will this wave reach TP2 at 69 first, or will it first wick down to lure shorts before pumping? Where did you open your first trade?