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When I saw this post about breaking above the previous high, I lowered my shoulders first
Not because I’m relaxing, but because I know I waited for nothing again
11-12 21:00: A 1.08-million-contract volume bar
Drove $HYPE down to 69.422, then closed at 70.284
That long lower wick really does look like a bottom when you zoom out
Today at 12:00, the second test of 69.888 had only 1.41x the volume
I’m still not buying the claim that the bottom is in
Eight hourly candles in a row with rising lows, from 70 to 73.797
At 19:00, a 1.91x-volume candle pushed to 73.846
At 20:00, it pierced the old high of 74.332 and topped out at 74.403
This candle is still forming after breaking through, and volume hasn’t settled
It only counts as a breakout if the hourly candle closes above 74.33 with volume over 1.5x
If it closes back below, another failed surge
(Not investment advice; trade at your own risk)