$HYPE โ€Œ Clean Uptrend, Testing Local High Levels


๐Ÿ”ฅ Strong Recovery โ†’ Building Momentum
Price bounces from 37.75 and has made steadily rising higher highs and higher lows, now approaching the resistance zone at 39.8 again.
๐Ÿ“Š Market Structure Insights
The bullish structure remains intact. A clean uptrend with consistently higher lows โ€” buyers control on the 1H timeframe.
๐Ÿ’ก Key Insights:
Repeated resistance tests usually weaken it โ€” increasing the likelihood of a breakout.
๐ŸŽฏ Trading Levels:
Entry Zone: 39.2 โ€“ 39.6
Stop Loss: Below 38.7
Target 1: 40.2
Target 2: 41.0
โš ๏ธ Key Levels:
39.8 โ†’ Direct breakout level
38.8 โ†’ Major support
Maintaining above 39 keeps the bullish momentum strong. A clean break above 39.8 opens the possibility for continuation.
Will you enter before the breakout or wait for confirmation above the high level?
HYPE4.82%
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