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🌕 Mid-Autumn Reunion & HYPE/USDT Technical Setup 🚀

Happy Mid-Autumn Festival to the Gate Square community! As we gather for the #GateSquareMidAutumnReunion the markets never sleep. Let’s dive into the current technicals for HYPE/USDT and find some potential setups.

Currently trading around 79.93 USDT (+1.3% in 24h), HYPE is showing signs of recovery after a recent pullback. Let's break down the charts:

📊 Multi-Timeframe Analysis:

· 1D (Daily): The macro trend remains bullish, but we are in a healthy correction after hitting a local high of 89.61. The price is currently sandwiched between the daily EMA30 (77.64) acting as support and the EMA10 (80.86) acting as immediate resistance. The MACD is still in bearish territory, meaning the daily timeframe is still consolidating. Watch the Bollinger Bands midline (82.68) for a major breakout point.
· 4H (4-Hour): This is where the magic is happening. We see a clear bullish crossover on the MACD (DIF crossing above DEA). The price has reclaimed the EMA5 and EMA10 and is currently testing the EMA30 (80.36). The recent low at 76.556 looks like a solid local bottom.
· 15M (15-Minute): Short-term momentum is slightly cooling off near the 80.00 psychological resistance. The MACD is flattening, indicating a potential minor pullback before the next leg up.

🎯 The Trading Setup (Long Bias):

Given the 4H MACD bullish crossover and the strong support at 76.50, a long setup is favorable if momentum holds.

· Entry Zone: A confirmed 4H close above 80.50, OR a retest of the 78.50 - 79.00 support zone.
· Take Profits (TP):
· TP1: 83.00 (Daily mid-Bollinger resistance)
· TP2: 85.50
· TP3: 89.00 (Retest of recent highs)
· Stop Loss (SL): Tight stop below 76.50 (Invalidation of the recent swing low).

⚠️ Bearish Scenario: If HYPE gets rejected hard at the 80.50 - 81.50 zone, we could see a retest of the 77.00 support. A breakdown below 76.50 would invalidate the bullish thesis.

How are you trading HYPE this week? Are you accumulating or waiting for a breakout? Let me know in the comments! 👇

$HYPE
hype
HYPE/USDT
--
+1.48%
HYPEUSDT Spot Grid
Return %
+1.53%
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HYPEHYPE+1.48%

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ThisIsTranslateContent:
13 minutes ago
How much more room does this move have?
0View Original
CryptoMishu
21 minutes ago
LFG 🔥
0
CryptoMishu
21 minutes ago
First Review
Interesting 👀
0