$HYPE
This stock just caught my eye. HYPE is showing the strongest 24-hour move in this screenshot, up nearly 3%, and momentum traders know exactly why that matters.
Entry: $92.80–93.30
Support: $91.50
Resistance: $95.50
Target 1: $95.50
Target 2: $98.00
Target 3: $102.00
Stop loss: $89.80
The trade becomes much more interesting if the price breaks through $95.50 on rising volume. That could trigger another momentum wave. But chasing the price after a strong move carries risks. I’d rather buy the stock after a calm retest of the level than rush in after a sudden spike out of fear of missing out. Pro tip: Momentum is strong, but it can reverse just as quickly. Move your stop loss higher if the price starts making higher highs.
This stock just caught my eye. HYPE is showing the strongest 24-hour move in this screenshot, up nearly 3%, and momentum traders know exactly why that matters.
Entry: $92.80–93.30
Support: $91.50
Resistance: $95.50
Target 1: $95.50
Target 2: $98.00
Target 3: $102.00
Stop loss: $89.80
The trade becomes much more interesting if the price breaks through $95.50 on rising volume. That could trigger another momentum wave. But chasing the price after a strong move carries risks. I’d rather buy the stock after a calm retest of the level than rush in after a sudden spike out of fear of missing out. Pro tip: Momentum is strong, but it can reverse just as quickly. Move your stop loss higher if the price starts making higher highs.