Momentum remains bullish, but the next move depends on whether buyers can defend support.
$HYPE /USDT – LONG
Trade Plan
Entry: $56.80 – $57.80
SL: $54.00
TP1: $59.80
TP2: $61.50
TP3: $62.65+
Why This Setup?
4H Structure: Price continues to print higher lows while holding above key support, keeping the bullish market structure intact.
MA Context: Short-term moving averages are favoring buyers, suggesting momentum remains on the upside unless support breaks.
Price Positioning: Holding above the $54.04 support zone shows strong buyer interest and keeps the path open toward resistance.
Daily Context: A successful reclaim of the $60 area could attract fresh momentum buyers and push price toward the major liquidity zone near $62.65.
Volume Behavior: Recent buying pressure has been strong enough to absorb pullbacks, indicating accumulation rather than distribution.
As long as $54.04 holds, bulls remain in control and the market can continue expanding toward higher resistance levels.
Debate:
Will HYPE break above $62.65 and start a new leg higher...
Or will sellers defend resistance and force another pullback into support?
Click Trade here 👇
