🟢 $HYPE | LONG SETUP
🎯 Trade plan:
Entry: 65.50 – 67.00
TP: 74.00 - 80.00 - 87.90
SL: 61.65
📊 Technical analysis: $HYPE has successfully reclaimed the 66 level after a lengthy pullback, with a significant surge in volume accompanying it. The price structure shows a series of consecutively higher lows, indicating that buying pressure is accumulating and the likelihood of continuing the bullish trend is quite high.
The current entry zone is set at a necessary support level, with a compact SL (around 5%) compared to the TP1 target (approximately 10.5%), creating an R/R ratio of about 2.1:1 — which is quite reasonable for a setup that already has strong volume and confirmed patterns.
Trade $HYPE now by clicking on the chart below 👇
🎯 Trade plan:
Entry: 65.50 – 67.00
TP: 74.00 - 80.00 - 87.90
SL: 61.65
📊 Technical analysis: $HYPE has successfully reclaimed the 66 level after a lengthy pullback, with a significant surge in volume accompanying it. The price structure shows a series of consecutively higher lows, indicating that buying pressure is accumulating and the likelihood of continuing the bullish trend is quite high.
The current entry zone is set at a necessary support level, with a compact SL (around 5%) compared to the TP1 target (approximately 10.5%), creating an R/R ratio of about 2.1:1 — which is quite reasonable for a setup that already has strong volume and confirmed patterns.
Trade $HYPE now by clicking on the chart below 👇