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More than 4 hours long signal 95%, $HYPE /USDT—was this a real breakout this time?
$HYPE /USDT - Go LONG
Trading plan:
Entry: 66.976 – 67.330
SL: 65.454
TP1: 68.427
TP2: 69.276
TP3: 70.550
Why focus on this structure?
- From the 1-day trend, it’s bullish. On the 4-hour chart, the EMA support is at 67.153, and the 15-minute RSI at 63.23 isn’t overheated.
- The current price is close to the reference entry. TP1 at 68.427 offers only 1.9% upside, while TP2 at 69.276 gives 3%+ returns.
- Why now? The 15-minute RSI just dropped from overbought, and after a short pullback, it’s easier to get going. SL is set at 65.454, keeping the risk controllable.
Discussion:
In this move, will you see TP2 first, or a bull-trap?