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HYPE longs are building up power—an explosion on the 4-hour timeframe is imminent?
$HYPE /USDT - Go LONG
Trading plan:
Entry: 66.441 – 66.671
SL: 65.456
TP1: 67.381
TP2: 67.931
TP3: 68.756
Why pay attention to this setup?
- 1D trend is bullish; 4-hour EMA support is solid—pullbacks are an opportunity.
- RSI on 15m is 44.33, not overbought; there’s plenty of room for a rebound.
- Current price around 66.556; TP1 at 67.381, TP2 at 67.931, with a risk-reward ratio over 3x.
- ATR on 1h is only 0.458; volatility is contracting, and a break above 67.332 will confirm it.
Discussion:
Will this LONG hit TP2 first, or will it be a bull trap?