📊 HYPE/USDT — H4 Signal + Recap
Recap of yesterday's call first. 📝
We set a long at $54.00–55.50, stop-loss $52.50, targets $58.50 / $61.50 / $66.00. HYPE filled the zone around $55, then pushed up to about $58, just reaching TP1 before running out of steam. ✅ If you took profit at TP1, you locked in a small win. But the move stalled there: TP2 and TP3 never came, and price has since rolled back down to ~$53.63. Our stop at $52.50 hasn't been hit, so anyone still holding is near breakeven, not stopped out.
Honest read: that was a weak bounce. Only reaching TP1 before fading tells you the buyers didn't have much strength. 🤷
Where we are now: HYPE has dropped back to its rising trendline and is testing it. The structure looks weak since the $76 top it's made lower highs with a string of CHoCH (trend flipping down), and sellers keep defending bounces. Supply sits overhead at $64 and $72. ⚠️
That said, this trendline is a key support buyers have defended before, so it's a make-or-break spot, not a confirmed breakdown yet.
🎯 PLAN: two scenarios
👉 LONG (only if the trendline holds):
Buy zone: $53.00 – $54.00 (trendline + demand)
Stop-loss: $51.50
TP1: $56.50
TP2: $59.00
TP3: $62.00
👉 If HYPE closes a 4H candle below $51.50, the trendline breaks and the weak structure confirms — step aside or look lower toward $50 then $46.
🧭 Given how weak the last bounce was, keep size small and don't front-run the level. Wait for the trendline to actually hold, take profit at each target, move your stop to breakeven after TP1.
Not financial advice — always do your own research.
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