🔥 $HYPE — POTENTIAL OVERSOLD BOUNCE SETUP

ENTRY: 24.600 - 24.750 (Pullback to Confluent Support: 1H EMA(21) & Previous Consolidation)

TARGETS:

🎯Target 1: 25.295 (Immediate Resistance & 4H EMA(9) Zone)

🎯Target 2: 25.898 (Key Swing High & Next Major Resistance)

🎯Target 3: 26.500 (Extended Target & Psychological Level)

STOP LOSS:24.250 (Below the Recent Intraday Support Structure)

📌 DETAILED ANALYSIS:

· Price is attempting a recovery (+3.20% from 24h low) after a prolonged downtrend (90 days: -40.25%). The 4-hour RSI(14) is oversold at 36.57, suggesting a potential bounce. However, the higher timeframe (4H) trend remains bearish with price below both EMAs.

· Lower timeframes (1H, 15M) show improving momentum: The 1-hour MACD is positive, and the 15-minute chart shows a bullish EMA crossover (9 above 21). The 5-minute chart is severely overbought (StochRSI 86.0), indicating an imminent short-term pullback, which should be used as an entry opportunity.

· Key Confluence: The 1-hour EMA(21) at ~24.64 aligns with a previous support/resistance flip zone, creating a strong area for a potential bounce.

· Win probability is ~60%. The main risk is the overarching bearish trend on higher timeframes overpowering this short-term bounce. Risk-Reward Ratio is favorable at ~1:2.5 with a tight stop.

⚡ SIGNAL TAGS:

⚠️Moderate Risk (Counter-trend bounce in a bearish macro trend)

🔄Oversold Bounce Setup

⏸️Wait for Pullback to Entry Zone

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