HYPE/USDT (1H) Trade Plan

$HYPE ‌#PreIPOsSeason2OpenAISubscription
Market Overview
Current Price: 66.93
Trend: Bullish. Price has rebounded strongly from 62.58 and is trading above the 30 MA/EMA.
MACD remains positive, although momentum is beginning to slow after the recent rally.
KDJ is in the overbought region, suggesting a short-term pullback or consolidation is possible before the next move.
Key Levels
Support
S1: 66.20
S2: 65.50
Major Support: 64.50
Resistance
R1: 67.60
R2: 68.40
Major Resistance: 70.00
Long Setup
Entry: 66.20–66.80
Stop Loss: 64.90
Take Profit
TP1: 67.60
TP2: 68.40
TP3: 70.00
Extended TP: 72.00 (if breakout is supported by strong volume)
Breakout Strategy
Buy only after a 1-hour candle closes above 67.60 with strong volume.
Entry: 67.70–67.90
Stop Loss: 66.80
Targets: 68.40 → 70.00 → 72.00
Short Setup
Consider a short only if 66.20 breaks on high selling volume.
Entry: Below 66.20
Stop Loss: 67.20
Targets: 65.50 → 64.50 → 63.50
Risk Management
Risk 1–2% of your total capital per trade.
Take partial profits at TP1 and move your stop loss to breakeven.
Avoid entering near resistance without confirmation from volume.
Trading Bias
The 1-hour trend remains bullish while HYPE trades above 66.20. A confirmed breakout above 67.60 could extend the rally toward 68.40–70.00, while a loss of 66.20 would likely trigger a pullback toward 65.50–64.50.