What is the longs cooking after HYPE is oversold in the past 4 hours?



$HYPE /USDT - LONG

Trading plan:
Entry: 63.90 – 64.20
SL: 62.12
TP1: 65.50
TP2: 66.46
TP3: 67.91

Why focus on this setup?
- RSI on the 15-minute chart is only 25.11, extremely oversold—strong short-term rebound momentum.
- The 1-day trend is clearly bullish; a pullback to 64.05 is the main accumulation zone.
- ATR is 0.6188; volatility is controllable. TP1 at 65.50 is 2.3% from the current price, with an excellent risk-reward ratio.
- Why now? Oversold + trend confluence: the entry point is clear, and SL at 62.12 provides a clear defense.

Discussion:
Will this LONG first hit TP1 65.50, or go straight for TP2 66.46?
HYPE-5.28%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned