Is this HYPE rebound a trap or a breakout point?



$HYPE /USDT - go LONG

Trading plan:
Entry: 58.614 – 58.912
SL: 56.908
TP1: 60.154
TP2: 61.082
TP3: 62.473

Why focus on this structure?
- The 15-minute RSI is only 38.87, in the oversold zone, and short-term rebound momentum is building.
- The 4-hour EMA support is around 58.76; the LONG signal is clear. TP1 is 60.15, TP2 is 61.08.
- The daily chart is in a ranging pattern, but with 77% confidence pointing to the upside; the current entry offers a good risk-reward setup.

Discussion:
Do you think HYPE will hit TP2 first, or pull back to the SL before running higher?
HYPE-2.10%
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