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Are HYPE shorts still holding up? A 4-hour reversal signal has already appeared
$HYPE /USDT - Go LONG
Trading plan:
Entry: 58.674 – 58.994
SL: 56.837
TP1: 60.332
TP2: 61.330
TP3: 62.828
Why focus on this structure?
- The 1-day trend is choppy, but the 4-hour long signal has 77% confidence, with the entry around 58.83
- RSI on the 15-minute timeframe is 40.24—an oversold rebound is imminent; ATR on the 1h is only 0.64, with volatility building
- Why now? Wait for the 15-minute RSI to break above 45 for confirmation—LONG target TP1 at 60.33
Discussion:
Will this move first hit TP1 at 60.33, or will it fake out and then pull back?