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HYPE’s 15-minute RSI drops to 28.78—catch the bottom or catch a falling knife?
$HYPE /USDT — Go LONG
Trading plan:
Entry: 60.574 – 60.980
SL: 58.240
TP1: 62.680
TP2: 63.949
TP3: 65.852
Why focus on this structure?
- 4H LONG signal, confidence 77.4; the daily is ranging, but the range hasn’t been broken.
- 15-minute RSI is oversold; 1-hour EMA 60.753 support remains valid, and short-term rebound momentum is building.
- Entry zone 60.574-60.980, TP1 62.680, with a risk-reward ratio over 2.5x.
Discussion:
Will this oversold rebound push straight through TP2 at 63.949, or will it first retest SL at 58.240 before rallying?