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$HYPE Clean Uptrend, Testing Local Highs
๐ฅ Strong Recovery โ Momentum Building
Price bounced from 37.75 and has been printing steady higher highs and higher lows, now approaching the 39.8 resistance zone again.
๐ Market Structure Insight
Bullish structure intact. Trend is clean with consistent higher lows โ buyers are in control on the 1H timeframe.
๐ก Key Insight:
Repeated tests of resistance usually weaken it โ increasing probability of breakout.
๐ฏ Trade Levels:
Entry Zone: 39.2 โ 39.6
Stop Loss: Below 38.7
Target 1: 40.2
Target 2: 41.0
โ ๏ธ Key Levels:
39.8 โ Immediate breakout level
38.8 โ Key support
Holding above 39 keeps bullish momentum strong. Clean break above 39.8 opens continuation.
Are you entering before the breakout or waiting for confirmation above highs?