$HYPEUSDT - I'm still waiting for $100. This pullback hasn't changed my target.
HYPE made a strong move from the $76.75 support area toward $90. Now it's trading around $83.40, back inside the green zone on my chart. I see this as an important test of buyers' strength, not proof that the bullish move is over.
Here's what I'm watching: $87.36 needs to be reclaimed. If buyers can hold above that level, $90 becomes the next challenge. Beyond that, the previous spike toward $97 shows where sellers may appear again before HYPE can attempt $100.
I'm bullish on the bigger move, but I'm paying attention to how price behaves during this pullback. Strong rallies often face difficult retests.
Risk Management
The lower edge of my marked zone, around $81.50, is the first area I want buyers to defend. If it fails, $76.75 becomes the major support to watch. A sustained daily close below that level would make me reassess my bullish view.
I'm not adding blindly during a pullback. Any new entry needs a defined stop and position size. Without an actual entry and stop-loss, an exact risk-to-reward ratio cannot be calculated.
My $100 target remains. Now I want the chart to earn it..
HYPE made a strong move from the $76.75 support area toward $90. Now it's trading around $83.40, back inside the green zone on my chart. I see this as an important test of buyers' strength, not proof that the bullish move is over.
Here's what I'm watching: $87.36 needs to be reclaimed. If buyers can hold above that level, $90 becomes the next challenge. Beyond that, the previous spike toward $97 shows where sellers may appear again before HYPE can attempt $100.
I'm bullish on the bigger move, but I'm paying attention to how price behaves during this pullback. Strong rallies often face difficult retests.
Risk Management
The lower edge of my marked zone, around $81.50, is the first area I want buyers to defend. If it fails, $76.75 becomes the major support to watch. A sustained daily close below that level would make me reassess my bullish view.
I'm not adding blindly during a pullback. Any new entry needs a defined stop and position size. Without an actual entry and stop-loss, an exact risk-to-reward ratio cannot be calculated.
My $100 target remains. Now I want the chart to earn it..
