The HYPEUSDT pair is currently in a corrective phase after a strong upward move. The price has recently broken a significant level and is now testing the liquidity zone marked by a range of support (highlighted by the gray box). A potential reversal may occur as the price has started to form an MSB (Market Structure Break) and is showing early signs of bullish momentum.
Trade Entry:
Entry Level: Around $21.80, with price showing initial bullish signs.
Stop Loss: A stop is placed below the market structure break (MSB) at $18.52 to protect the position from further downside risk.
Targets:
Conservative Target: The first target is set around $26.18 (highlighted in blue), which aligns with the upper trendline and potential resistance levels.
Aggressive Target: A more extended target can be considered above the $35.74 mark depending on further price action.
Trade Rationale:
Trend: The market has been in a downtrend recently but is showing early signs of reversal.
Price Action: The price is testing a significant support zone, with bullish confirmation from the MSB.
Liquidity: The trendline liquidity levels provide an excellent potential for further price push toward the conservative target.
Trade Entry:
Entry Level: Around $21.80, with price showing initial bullish signs.
Stop Loss: A stop is placed below the market structure break (MSB) at $18.52 to protect the position from further downside risk.
Targets:
Conservative Target: The first target is set around $26.18 (highlighted in blue), which aligns with the upper trendline and potential resistance levels.
Aggressive Target: A more extended target can be considered above the $35.74 mark depending on further price action.
Trade Rationale:
Trend: The market has been in a downtrend recently but is showing early signs of reversal.
Price Action: The price is testing a significant support zone, with bullish confirmation from the MSB.
Liquidity: The trendline liquidity levels provide an excellent potential for further price push toward the conservative target.
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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.
💎💎- Professional Trader
💎💎 - Discord: discord.gg/gHKNVMyEvd
💎💎 - Trading Course: liquiditysweep369.carrd.co/
💎💎 - Trade Crypto with MEXC: promote.mexc.com/a/o86Er87P
💎💎 - Discord: discord.gg/gHKNVMyEvd
💎💎 - Trading Course: liquiditysweep369.carrd.co/
💎💎 - Trade Crypto with MEXC: promote.mexc.com/a/o86Er87P
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.