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The HYPE RSI trap—are you brave enough to take this LONG?
$HYPE /USDT - LONG
Trading plan:
Entry: 67.602 – 67.840
SL: 66.578
TP1: 68.578
TP2: 69.150
TP3: 70.007
Why focus on this structure?
A LONG signal with 95% confidence, and the daily trend is clearly bullish. The 1-hour RSI is 46.65, not overbought, and there’s still room to the upside. Current price is 67.721, close to EMA support, with a clear entry: TP1 68.578, TP2 69.150, and the stop-loss set at 66.578. Why now? RSI lows + trend confluence—pullbacks are the opportunity.
Discussion:
Will this move reach TP2 first, or is it a fakeout that lures then triggers a selloff? See the comments to find out.