$HYPE going parabolic is reminding me of
$BNB price action.
It’s showing a lot of the same characteristics. Just an interesting observation.
If it follows a similar schematic to BNB, there may be another opportunity to load up on HYPE in the $48–52 range. Given its relative strength against BTC, I doubt we see much lower than that.
I’m setting HTF bids in that region. RR looks attractive if the trend structure remains intact.
I will not be shorting it, just looking to get filled in the event of retest.