The trend is doing the heavy lifting here, but $HYPE is getting a little too hot to chase blindly. The 1h structure is still firmly bullish, with price holding above EMA200, MACD pushing above its signal, and Supertrend staying on the upside. ADX around 43.5 says this isn't some sleepy sideways move either.
Entry: 84.217
SL: 81.228036
TP1: 87.205964
TP2: 89.597135
The problem is RSI sitting at 75. That's the part I'd respect. Strong trend, yes, but buying after a stretched run can turn ugly fast if the next candle loses momentum. If the move starts stalling, I'd rather reduce exposure than sit there waiting for the market to prove a point.
Entry: 84.217
SL: 81.228036
TP1: 87.205964
TP2: 89.597135
The problem is RSI sitting at 75. That's the part I'd respect. Strong trend, yes, but buying after a stretched run can turn ugly fast if the next candle loses momentum. If the move starts stalling, I'd rather reduce exposure than sit there waiting for the market to prove a point.
