$HYPE is holding an interesting 4H structure after defending the $82–83 area.
Price is around $85.9, with the rising channel still intact. The key test is $89–90 resistance.
What I Like • Higher lows remain intact
• $82–83 support is holding
• Strong recovery from the recent dip
What I Don’t Like • Volume is cooling
• $89–90 remains overhead resistance
• Losing $82 could damage the structure
CONDITIONAL LONG
Entry: $84.5–86
SL: $81.5
TP1: $89.5
TP2: $92
TP3: $100
From $85.25 entry, risk is ~4.4%, with TP2 offering roughly 1.6R and TP3 ~3.9R.
I’d rather buy the retest than chase resistance.
Can $HYPE finally break above $90 and continue the channel?
#CryptoTrading #HYPE #RippleLobbiesToAdvanceCLARITYActVote #ChinaAugustCPIRises0.8%YoY #USStrikesTargetsNearHormuzAndJask
Price is around $85.9, with the rising channel still intact. The key test is $89–90 resistance.
What I Like • Higher lows remain intact
• $82–83 support is holding
• Strong recovery from the recent dip
What I Don’t Like • Volume is cooling
• $89–90 remains overhead resistance
• Losing $82 could damage the structure
CONDITIONAL LONG
Entry: $84.5–86
SL: $81.5
TP1: $89.5
TP2: $92
TP3: $100
From $85.25 entry, risk is ~4.4%, with TP2 offering roughly 1.6R and TP3 ~3.9R.
I’d rather buy the retest than chase resistance.
Can $HYPE finally break above $90 and continue the channel?
#CryptoTrading #HYPE #RippleLobbiesToAdvanceCLARITYActVote #ChinaAugustCPIRises0.8%YoY #USStrikesTargetsNearHormuzAndJask
