🚀 HYPE/USDT: The momentum continues — the market is ready to continue rising
Timeframe: 1H
HYPE remains above key moving averages, and the price action structure remains bullish. Buyers are controlling the price, however, indicators are already hinting at a possible local pause before continuing the movement.
📊 Key indicators (briefly):
EMA(21 / 50 / 99): 24.483 / 24.440 / 24.728 — the price is held above EMA50, the zone 24.44 acts as support
RSI: 63.9 — strong bullish momentum, close to overbought
MACD: weak positive dynamics — growth potential remains
Stoch RSI: 79 — a short-term pullback is possible
🧭 Trading plan
Main scenario: LONG
Working from support with an expectation of continuing the upward movement after a possible consolidation.
🎯 Targets:
TP1: 25.00 — +0.8%
TP2: 25.30 — +2.0%
TP3: 25.50 — +2.8%
📍 Entry points:
Conservatively: 24.60 — from EMA support
Aggressively: 24.80 — at market
🛑 Stop-loss:
24.40 — below EMA(50), protection against structure break
🔚 Summary
The trend remains bullish, but due to proximity to overbought, trading from confirmed support is optimal. Discipline and risk management are the keys to stable results 📈
Trading 👉$HYPE
