HYPE long position warning: Is 58.7 a trap or the takeoff point?



$HYPE /USDT - Go LONG

Trading plan:
Entry: 58.618 – 58.948
SL: 56.727
TP1: 60.325
TP2: 61.353
TP3: 62.895

Why focus on this structure?
- 15-minute RSI is only 29.82, building a rebound in the oversold zone
- 4H bullish signal 77.4; EMA support at 58.618-58.948
- Within the 1D range, the current price is only 2.6% away from TP1; risk-reward is 2.4:1
Why now? Oversold + higher-timeframe resonance—clear LONG entry point.

Discussion:
Will this move reach TP2 at 61.35 first, or will it fake out the breakout and retrace to the SL?
HYPE-2.81%
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