Trading Plan Long $HYPE
$HYPE just popped the upper Bollinger Band after a strong 1h push. This looks like a clean continuation.
Entry: $68.50-$69.40
Stoploss: $65.80
Targets: $71.00 / $74.50 / $80.00
HYPE is breaking out, but the 1H RSI is way overbought, so I'm looking for a quick retrace to the EMA21 or a retest of the BB upper band. OI is up almost 6% on this leg, and taker buy volume is aggressive. Funding is still neutral, so no immediate squeeze risks. We want to catch the dip before the next leg up. Lose $65.80, and the thesis is broken.
Trade $HYPE here 👇