Context:
After a clean fakeout below the green demand zone,
HYPEUSDT reclaimed structure and is now holding above the range low — potential start of base formation before trend shift.
🔍 Local Range Setup:
✅ Fakeout confirmed
✅ Reclaim above range low
🎯 Next: Retest of red supply zone ($18.9–21) on the table
📌 Trading Strategy:
— Waiting for potential pullback to previous demand zone for a full entry
— Target: top of range ~ $20
— Invalidation: clear break below reclaim zone
🧠 Macro View:
— Short-term: Likely to tag red zone if structure holds
— Long-term: base forming. Full confirmation = break & hold above supply.
If not — a revisit to $5–10 is still on the table.
After a clean fakeout below the green demand zone,
HYPEUSDT reclaimed structure and is now holding above the range low — potential start of base formation before trend shift.🔍 Local Range Setup:
✅ Fakeout confirmed
✅ Reclaim above range low
🎯 Next: Retest of red supply zone ($18.9–21) on the table
📌 Trading Strategy:
— Waiting for potential pullback to previous demand zone for a full entry
— Target: top of range ~ $20
— Invalidation: clear break below reclaim zone
🧠 Macro View:
— Short-term: Likely to tag red zone if structure holds
— Long-term: base forming. Full confirmation = break & hold above supply.
If not — a revisit to $5–10 is still on the table.
Trade active
After a strong bounce from the deviation zone and solid reclaim of the key level, HYPE is showing signs of Stage 3 base formation — potential shift toward higher range.
📌 First target hit (+40%) — took partial profits (50%).
Now waiting for a re-entry trigger: — Option 1: Clear reclaim of the lower range boundary (~$19.5) + new invalidation below.
— Option 2: Return into the deviation zone for possible DCA / spot add.
💡 Price may consolidate before the next leg up.
Bias remains bullish as long as deviation lows hold.
📍Watching for confirmation — reclaim + hold above $19.5 = full position reload.
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.