HYPE remains one of the strongest charts in the market after breaking out of its multi-week downtrend.
The price is now holding above all key moving averages, which keeps the overall structure bullish. However, instead of chasing the rally, the better setup is to wait for a pullback into the $64.50 support zone.
If geopolitical tensions create a temporary sell-off and this level continues to hold, it could present a high-probability entry for a continuation move toward the recent highs.
Trade Levels:
Entry Zone: $63.50 – $64.50
Take Profit Targets: $67 and $70
Stop Loss: $62
The price is now holding above all key moving averages, which keeps the overall structure bullish. However, instead of chasing the rally, the better setup is to wait for a pullback into the $64.50 support zone.
If geopolitical tensions create a temporary sell-off and this level continues to hold, it could present a high-probability entry for a continuation move toward the recent highs.
Trade Levels:
Entry Zone: $63.50 – $64.50
Take Profit Targets: $67 and $70
Stop Loss: $62
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.