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HYPE 4-hour RSI drops to 19—would you buy?
$HYPE /USDT - Go LONG
Trading plan:
Entry: 62.28 – 62.66
SL: 60.16
TP1: 64.20
TP2: 65.36
TP3: 67.09
Why focus on this setup?
- The 15-minute RSI is only 19.38, extremely oversold—an rebound is imminent.
- The 4-hour trend is bullish (LONG, 77% confidence). Current 62.47 is near the support zone 62.28-62.66.
- Short-term targets: TP1 64.20, TP2 65.36, with risk kept under control.
- Why now? Oversold + support convergence—the rebound window is open.
Discussion:
Will this push reach TP1 first, or will it straight-up wick up to bait longs? Did you place your order?