During the accumulation phase, the biggest mistake is to mistake the structure for a trap. $HYPE The daily moving averages remain in a bullish alignment, and the price is holding steadily above the medium-term moving average. I’m inclined to view a pullback to the previous consolidation zone as accumulation rather than a breakdown. Volume hasn’t surged on heavy selling, which suggests selling pressure is limited. The risk-to-reward ratio for opening long positions at this level is more favorable.
The key is to watch how strongly buyers step in after the pullback. If the structural low holds, there’ll be room for the price to move higher. It’s true that the short-term performance is weaker than Bitcoin’s, but as long as the trend remains intact, I’m in no hurry to take the other side.
🟢 Trade Direction: Long
📍 Entry Range: 85.77956 – 86.25878
🛑 Stop Loss: 81.10309
🎯 Take Profit 1: 89.70624
🎯 Take Profit 2: 92.16428
🎯 Take Profit 3: 95.85133
Take in the vastness of mountains and seas; observe the market’s finer details.
Walk alongside Uncle Xiong and witness the rise and fall of fortunes.
#HYPE
Click below to trade 👇
The key is to watch how strongly buyers step in after the pullback. If the structural low holds, there’ll be room for the price to move higher. It’s true that the short-term performance is weaker than Bitcoin’s, but as long as the trend remains intact, I’m in no hurry to take the other side.
🟢 Trade Direction: Long
📍 Entry Range: 85.77956 – 86.25878
🛑 Stop Loss: 81.10309
🎯 Take Profit 1: 89.70624
🎯 Take Profit 2: 92.16428
🎯 Take Profit 3: 95.85133
Take in the vastness of mountains and seas; observe the market’s finer details.
Walk alongside Uncle Xiong and witness the rise and fall of fortunes.
#HYPE
Click below to trade 👇