📌 $HYPE | 4H Support Test • Oversold Reversal Zone
$HYPE - LONG
📍 Trade Plan:
🎯 Entry: 39.042 - 39.468
🛑 SL: 38.000
✅ TP1: 40.761
✅ TP2: 42.000
✅ TP3: 43.753
📍 Why this setup?
-Timeframe Alignment: The 4H chart has reached a critical liquidity grab zone, with the price currently testing the Lower Bollinger Band (38.604) and the 24h low of 39.042.
-Pullback Zone: Following a major bullish rally that peaked at 43.753, $HYPE is now completing a deep technical correction, offering a high-probability "mean reversion" entry back toward the Middle Band (40.761).
-Momentum: While the 4H MACD shows a bearish expansion (MACD: -0.294) and crossover (DIF 0.789 < DEA 1.083), this is typical of a corrective wave that has reached historical support where selling pressure often exhausts.
-Relative Strength: The 4H RSI (30.861) is entering deeply oversold territory, a technical reading that historically precedes a notable relief rally or a short-term trend reversal.
-Support Confirmation: The price is holding firm above the critical 39.00 level and aligns with previous consolidation bases, making it a pivotal point where buyers are expected to re-enter.
📊 Bias Confidence: 68% | Execution Confidence: 72% | RR: 1.30 (to TP1) | Setup Quality: MEDIUM
Trade here 👇
