$HYPE update: maybe I spoke too soon about not taking profits early, but it’s worth highlighting the risk that this could be shaping into a bearish impulse.
On the daily, both MACD and RSI are showing divergences. If price loses the $41 level (a minor structure point) and then breaks below $38, taking out the 4H trend, I’ll likely close my position.
At the same time, there’s still a chance this is just an extended C wave within a correction, which could lead to continuation higher afterward.
So for now, I’m staying patient. I’d only consider closing once we push above $41 again and then lose the structural low. Until that confirmation, I’m holding.