$HYPE broke through the 80 level. Two scenarios from here:
① It pulls back and holds 80 → the level turns into support, with the 24-hour high of 82.1 as the next target
② It falls back below 80 and fails to reclaim it → this looks more like a false breakout, so don’t get attached to the trade
I’m more focused on how it behaves on the first pullback.
① It pulls back and holds 80 → the level turns into support, with the 24-hour high of 82.1 as the next target
② It falls back below 80 and fails to reclaim it → this looks more like a false breakout, so don’t get attached to the trade
I’m more focused on how it behaves on the first pullback.